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The Economic Times

Economy / The Economic Times

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Banks see 5.19 lakh crore deposit outflow, credit shrinks 2.52 lakh crore

Kolkata's banking sector faced a Rs 5.19 lakh crore withdrawal of deposits in the fortnight ending October 15. Credit outstanding also contracted by Rs 2.52 lakh crore during the same period. Consequently, credit growth decreased to 18.2% from 19.4% in the prior fortnight. Meanwhile, deposit growth recorded a decline to 16.7% compared to 17.8%. The overall outstanding deposits reached Rs 278.76 lakh crore and outstanding credit was Rs 227.

23 Oct 2026 6:53 pm