Bank credit growth accelerates to 17.2 % in September quarter: RBI

Bank credit growth improved to 17.2% in the September quarter this fiscal from 7% in the year-ago period, reflecting pick-up in economic activities, the RBI said in its report. Private sector bank group has been outpacing public sector banks, foreign banks and regional rural banks in deposit mobilisation, it added. Year-on-year aggregate deposit growth stood at 9.8% in September 2022.