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Our Bureau

Mumbai , March 9

GROSS bank credit has increased by 28.44 per cent on a year-on-year basis, for the period up to February 18, as per the Reserve Bank of India's fortnightly data on the business of scheduled banks.

The central bank, so far, has been releasing data relating to scheduled commercial banks' business in the country on a fortnightly basis in its Weekly Statistical Supplement to the Reserve Bank of India Bulletin.

The additional fortnightly data on scheduled banks give the business details apart from that given in the Weekly Statistical Supplement, said an RBI press release.

As per the latest fortnightly data on scheduled banks, as on February 18, the total bank credit of all scheduled banks (excluding inter-bank advances) amounted to Rs 111,3982.97 crore against Rs 816,234.13 crore as on February 20, the previous year.

Total deposits increased to Rs 17,53,324.08 crore (Rs 15,38,901.33 crore). This is inclusive of demand deposits at Rs 2,45,855.12 crore (Rs 2,09,105.97 crore) and time deposits at Rs 15,07,468.96 crore (Rs 1,32,978.36 crore). Borrowings were at Rs 66,118.28 crore (Rs 23,281.72 crore). Other demand and time liabilities were at Rs 1,68,751.68 crore (Rs 1,41,374.76 crore).

Total investments at book value were at Rs 7,54,521.34 crore (Rs 7,03,354.50 crore). Investments in Central and State government securities increased to Rs 7,27,646.42 crore (Rs 6,78,354.82 crore). Investments in other approved securities increased to Rs 26,874.92 crore (Rs 24,999.68 crore).

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