According to RBI data, bank credit grew by 5.82 per cent to Rs 108.42 lakh crore in the fortnight ended June 18, 2021.
New Delhi. Bank credit grew by 5.82 per cent to Rs 108.42 lakh crore in the fortnight ended June 18, 2021, while deposits grew by 10.32 per cent to Rs 152.99 lakh crore. This information has been given in the data of Reserve Bank of India i.e. RBI.
According to the Reserve Bank’s report on the status of scheduled banks in India on June 18, 2021 released on Friday, bank advances in the fortnight ended June 19, 2020, a year ago, stood at Rs 102.46 lakh crore while deposits stood at Rs 138.67 lakh crore.
Bank credit grew by 5.56 per cent in the financial year 2020-21.
Earlier, in the fortnight ended June 4, 2021, bank credit had grown by 5.74 per cent, while the growth in paddy was 9.73 per cent. In the financial year 2020-21, the bank’s credit grew by 5.56 per cent while deposits grew by 11.4 per cent.
RBI changed these rules related to fixed deposits
At the same time, RBI has changed the important rules related to fixed deposits on Friday. RBI has changed the rules of interest on unclaimed amount after the maturity of fixed deposits in banks. According to the new rule, if the maturity date is reached, even if its amount is not claimed, then the interest on it will be less.
RBI said in the circular that it has been decided that if the fixed deposit matures and the amount is not paid and it remains unclaimed in the bank, then the interest rate on it will be according to the savings account. or the contracted rate of interest, whichever is less, shall be payable on the maturity of the Fixed Deposit.
