.jpeg)
Bank Loans Increased By 14.2% In The June Quarter, Know The Reason Behind What RBI Told
RBI gave this information in the quarterly data on deposits and loans of public sector banks for June 2022 released on Thursday.
Bank credit grew by 14.2 percent year-on-year in the April-June quarter of the current financial year. This had increased by six percent during the same quarter of the previous financial year. According to the data of the Reserve Bank of India (RBI), in the last quarter of the last financial year, there was a growth of 10.8 percent in loans. RBI gave this information in the quarterly data on deposits and loans of public sector banks for June 2022 released on Thursday.
From where are the data collected?
These data are collected from all Scheduled Commercial Banks (SCBs). This includes Regional Rural Banks (RRBs), Small Finance Banks (SFBs), and Payments Banks (PBS). According to the data, credit growth has been broad-based. Double Digit Credit Growth during June 2022 across all population groups (rural, semi-urban, Sherin, and metropolitan), all groups of banks (public-private sector banks, foreign banks, RRBs and SFBs), and banks across all regions of the country have been recorded in.
