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From The Economic Times

Center-Right Owned by Bennett, Coleman & Co.

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

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

RSS excerpt

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…

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