Bank lending as well as deposits pick up by over Rs lakh crore during Diwali fortnight

Bank loans rose Rs 1.19 lakh crore during the fortnight ended November 2021 to Rs 111.63 lakh crore. This translates into year-on-year growth rate of 7.14 per cent compared to 6.8 per cent in the previous fortnight. Bulk of the loan demand is , bulk of which is expected to be in the retail space as consumers spent a a record Rs 1.25 lakh crore this Diwali according to data by Confederation of All India Traders.

from Banking/Finance-Industry-Economic Times https://ift.tt/3qN4Hl0