Kolkata: The banking sector saw a Rs 5.19 lakh crore withdrawal of deposits on net basis in the fortnight ending October 15 while credit outstanding too contracted by Rs 2.52 lakh crore, Reserve Bank of India data showed.
Accordingly, the credit growth slowed to 18.2% from the 19.4% in the preceding fortnight while deposit growth recorded at 16.7% against 17.8%
Outstanding deposits of all banks taken together stood at Rs 278.76 lakh crore while outstanding credit at Rs 227.43 lakh crore. The credit-deposit stood at 81.59% at the end of the reporting fortnight.
