Stock Market

Stock Market Index Update: Bank Credit Jumps 12.51 Percent To Rs 89.82 Lakh Crore On September 28

Bank credit ascended by 12.51 percent to Rs 89.82 lakh crore stock market index in the fortnight finished September 28, 2018, while the deposits developed by 8.07 percent to Rs 117.99 lakh crore, according to the RBI information.

During the period between September 15, 2018, and September 28, 2018, the figure of banks’ debt remained at Rs 79.83 lakh crore, while deposits were Rs 109.17 lakh crore. Then again, between 1st and 14th of September 2018, banks gave credits of Rs 87.98 lakh crore, which was 13.46 percent more than a year ago. On account of the store, the figure rose 8.58 percent to Rs 115.70 lakh crore.

In the fortnight finished September 14, bank credit had ascended by 13.46 percent to Rs 87.98 lakh crore, while the deposits developed by 8.58 percent to Rs 115.70 lakh crore.

Figures of August in the stock market index: In August this year, non-food credit ascended by 12.4 percent, as against an expansion of 5.5 percent in the year-back month, the RBI information appeared. Advances to industry ascended by 1.9 percent in August, against a withdrawal of 0.3 percent in August 2017.

Increase in these areas also: In August, the debt to agriculture segment and unified exercises expanded by 6.6 percent, contrasted with 6.5 percent in August a year ago. The credit to benefit division expanded by 26.7 percent, which was just 5 percent in August 2017. Also, in August, the number of individual loans expanded by 18.2 percent, which was 15.7 percent in August 2017, according to the report of the Financial Express.

Bank loans to agriculture and allied activities were up by 6.6 percent, contrasted and an expansion of 6.5 percent around the same time a year ago.

Credit to the services is extended by 26.7 percent in the stock market index, against 5 percent a year ago. Individual credits ascended by 18.2 percent in August 2018, contrasted and 15.7 percent in August 2017, according to the report of the Economic Times.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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