Bank credit growth eases to 17.7% in fortnight to July 15

Bank credit growth saw a slight deceleration to 17.7 percent year-on-year. Deposit growth also moderated to 12.7 percent in the same period. Outstanding bank credit reached Rs 217.3 lakh crore by mid-July. Deposits stood at Rs 262.9 lakh crore, maintaining a healthy ratio. Bankers noted steady credit demand, especially from the corporate sector.