Banks disburse Rs. 22k crore during the fortnight ending August 10
By Joseph Samson
Aug 23, 2012
Print    Email    RSS   
Banks across the nation disbursed an additional Rs. 22,034 crore of loans in a 15 days period from July 27 to August 10. The total advances of scheduled banks rose from Rs. 48.5 lakh crores on July 27th to 48.73 lakh crore on August 10.

The RBI data reflects an improved credit demand both from commercial sector as well as from agricultural sector. During the the banks advances to agriculture sector grew from Rs. 97,787 crore to Rs. 99,783 crore.

Deposits however saw a marginal decline, sceduled banks saw their deposits dipping from Rs. 78,649 crore on July 27 to Rs. 78,368 crore at the end of August 10. RBI's annual projections for credit and deposits is 17% and 16% respectively.

However, current economic situation have reduced the growth in both loans and deposits. Further Crisil has projected a moderate growth rte of 5.5%, which might worsen the situation. The central bank had also revised its GDP projection from 7.3% to 6.5%.

Earlier, FinMin P. Chidambaram had told the banks to reduce the interest rates on loans and bring down EMIs so as to promote spending by consumers.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Top up loans: toppings on your home loan
J&K Bank raises PLR
Joint Home Loan: A wise decision for a...
Carnival of Indian Personal Finance Blogs #2
Get rid of your home loan faster

PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive