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Economy News

The Economic Times

Economy / The Economic Times

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Bank credit, deposits decline in fortnight ended August 15: RBI data

Banking sector saw deposits withdrawn and credit outstanding decrease in the fortnight. Banks are not renewing bulk deposits, opting for foreign currency funds instead. This shift slowed year-on-year deposit growth to 14.7 percent. Outstanding bank deposits stood lower at Rs 269.31 lakh crore.

28 Aug 2026 6:28 pm