Banks see strong credit growth: RBI data reveals 16% deposit jump

Bank credit growth picked up pace to 16 percent in the fortnight ending April 30. Deposits saw a year-on-year growth of 12.3 percent. This marks an acceleration from the previous fortnight. Outstanding credit reached Rs 212.12 lakh crore. Deposits in the system stood at Rs 258.64 lakh crore. The credit-deposit ratio was 82.01 percent.

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