Deposits of commercial banks stood at Rs 68,97,225 crore during the same period last year, the RBI fortnightly data said.
Bank deposits grew at 14.98 percent year-on-year to Rs 79,31,104 crore as on April 4, better than credit growth, according to RBI data.
Deposits of commercial banks stood at Rs 68,97,225 crore during the same period last year, the RBI fortnightly data said.
Also read: RBI may eventually tighten rates to tame inflation: HSBC
Bank credit grew at 13.79 percent year-on-year to Rs 60,86,879 crore as on April 4, as against Rs 53,49,040 crore in the same period last year. The RBI's estimate of the credit growth for FY14 was 15 percent , while for deposits it was 14 percent .
During the period, the time deposit grew 14.96 percent at Rs 71,63,409 crore as against Rs 62,30,900 crore in the same period last year.
Demand deposit rose 15.21 percent to Rs 7,67,695 crore from Rs 6,66,325 crore in the year ago period.
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Credit growth slips to 13.8%; deposits up 15%
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