Schedule Commercial Banks credit increases by 9.54%
Q. As per RBI data, scheduled commercial banks credit rose by what percentage in the fortnight ending October 16?- Published on 30 Oct 15a. 9.53%
b. 9.52%
c. 9.54%
d. 9.51%
ANSWER: 9.54%
Schedule Commercial Banks have increased credit by 9.54% to INR 67,83,127 crore in the fortnight closing October 16, as per RBI data. Loans were pegged at INR 61,92,158 crore in the earlier fortnight from INR 62,40,256 crore within the same period in 2014. Deposits rose by 11.25% to INR 91,63,815 crore as against INR 82,36,670 in 2014. Demand and time deposits also registered an increase from 2014.
