Bank deposits grow faster than loans in trend reversal
MUMBAI: The pace of bank credit growth is slowing down, with incremental bank deposits outpacing growth in advances during the current financial year.Bank deposits stood at Rs 211.9 lakh crore as of July 26, 2024, fortnightly data released by RBI showed. Banks have added deposits of Rs 7.2 lakh crore since March 2024, which is