{"id":132215,"date":"2023-04-08T12:19:06","date_gmt":"2023-04-08T06:49:06","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=132215"},"modified":"2023-04-08T12:19:08","modified_gmt":"2023-04-08T06:49:08","slug":"fy23-bank-credit-growth-highest-since-fy12-up-15-rbi-data","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/fy23-bank-credit-growth-highest-since-fy12-up-15-rbi-data\/","title":{"rendered":"FY23 bank credit growth highest since FY12, up 15%,: RBI data"},"content":{"rendered":"\n<p><strong>FY23 bank credit growth highest since FY12, up 15%,: RBI data:<\/strong> According to the Reserve Bank of India (RBI) data, the\u00a0Bank credit rose by 15% year-on-year (YoY) in 2022-23 (FY23),\u00a0against 9.6% YoY in 2021-22 (FY22). FY23 credit growth is\u00a0the highest since 2011-12, when it was 19.3%. Bank deposits expanded 9.58% YoY in FY23,\u00a0against 8.9% YoY growth seen in the previous financial year (FY22). The\u00a0outstanding credit stood at Rs 136.75 trillion\u00a0at the end of the last fortnight of FY23 (March 24, 2023).<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>The RBI data showed that bank deposit mobilisation lagged behind credit disbursements in FY23. They raised Rs 15.78 trillion through deposits in FY23, against Rs 13.51 trillion raised in FY22. The credit in absolute terms rose Rs 17.83 trillion in FY23, up from Rs 10.43 trillion in FY22.<\/p>\n\n\n\n<p>Bankers said credit offtake was strong for most of FY23, but the challenge was in garnering additional resources amid tightening liquidity in the aftermath of a change in the RBI\u2019s stance and hike in policy repo rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FY23 bank credit growth highest since FY12, up 15%,: RBI data: According to the Reserve Bank of India (RBI) data, the\u00a0Bank credit rose by 15% year-on-year (YoY) in 2022-23 (FY23),\u00a0against 9.6% YoY in 2021-22 (FY22). FY23 credit growth is\u00a0the highest since 2011-12, when it was 19.3%. Bank deposits expanded 9.58% YoY in FY23,\u00a0against 8.9% YoY [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":132216,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5010],"tags":[74,64],"class_list":["post-132215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2023","tag-bank-current-affairs","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=132215"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132215\/revisions"}],"predecessor-version":[{"id":132217,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132215\/revisions\/132217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/132216"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=132215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=132215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=132215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}