Mumbai: Data released by the Reserve Bank of India (RBI) has revealed that the bank credit surge by 14.5% year-on-year as on July 29. The outstanding loans given by banks stood at Rs 123.69 trillion on July 29. It was at Rs 108.00 trillion during July 2021.
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The bank deposits were at Rs 169.72 trillion. It shows a gain of 9.1% cent year-on-year. The bank deposits were at Rs 155.49 trillion in July last year.
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