As of June 26, 2015, the Bank loans and deposit portfolios of the scheduled commercial banks have shown an uptrend, claimed the Reserve Bank of India (RBI). As per the RBI, the scheduled commercial banks have witnessed a growth in the credit portfolio including loans, cash credits and overdrafts. The growth is from Rs 60,949.99 billion as on June 27, 2014 to Rs 66,593.36 billion as on June 26, 2015.
Likewise, the deposits of the scheduled commercial banks have also increased from Rs 78,993.37 billion as on June 27, 2014 to Rs 87,985.35 billion as on June 26, 2015.
When it comes to the food credit outstanding of the scheduled commercial banks, it has plunged from Rs 1,144.1 billion as on June 27, 2014 to Rs 1,114.35 billion as on June 26, 2015.
These figures have been let out by the Reserve Bank of India showing the current trend. Back in May, the non-food credit growth of the banks showed a slow down by 9 percent when compared to the increase of 13 percent in the same time frame in the last year, claimed the RBI in its recently released data on the sectoral deployment of the bank credit.
