Banks’ Credit Growth Up 13.24% in FY2019: RBI Data

The financial year 2019 has ended on a relatively robust note for banks. They clocked a 13.23% year-on-year credit growth against 9.85% in FY2018. Deposit growth, at 9.99% year-on-year in FY2019, was also better than the 6.15% logged in FY2018, according to the Reserve Bank of India’s scheduled banks’ statement of position in India.

Source- The Hindu Business Line

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