Bank credit increases by 3.2% in first nine months of 2020-21

 Bank credit increases by 3.2% in the first nine months of 2020-21

According to data released by the RBI, bank credit grew by 3.2% to ₹ 107.05 lakh crore in the first nine months of 2020-21, compared to a 2.7% increase registered in the same period of 2019-20.  Meanwhile, bank deposits grew 8.5% to bank 147.27 lakh crore in the April-December 2020 period, up from 5.1% in the year-ago period.