Bank deposit growth touches six-year high of 13.5 pc in fortnight ended Aug 11: Report

Over the past few months, deposit growth has been half of credit growth, and many lenders have had to hike rates to attract depositors. Credit growth increased 19.7 per cent during the fortnight, driven by the merger between HDFC and HDFC Bank, the report said, adding that it would have been 14.8 per cent if not for the USD 40 billion-amalgamation.

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