World & BusinessBank deposits fall by Rs 2.59 lakh crore in fortnight to September 15
The Economic Times reports total outstanding deposits stood at Rs 276.2 lakh crore, while credit growth slowed to 18.1% from 19.1% in August.
TLDR
Bank deposits contracted by Rs 2.59 lakh crore in the two weeks ending September 15, leaving outstanding deposits at Rs 276.2 lakh crore, The Economic Times reports. Credit growth slowed to 18.1%, compared with 19.1% in August. The report says growth rates moderated in part because high-cost bulk deposits were not renewed.
Bank deposits fall by Rs 2.59 lakh crore in fortnight to September 15
The Economic Times reports total outstanding deposits stood at Rs 276.2 lakh crore, while credit growth slowed to 18.1% from 19.1% in August.
TLDR
Bank deposits contracted by Rs 2.59 lakh crore in the two weeks ending September 15, leaving outstanding deposits at Rs 276.2 lakh crore, The Economic Times reports. Credit growth slowed to 18.1%, compared with 19.1% in August. The report says growth rates moderated in part because high-cost bulk deposits were not renewed.