Mumbai, Oct 14 - Bank credit rose by 12.51% to Rs 89.82 lakh crore in the fortnight ended September 28, while the deposits grew by 8.07% to Rs 117.99 lakh crore, according the RBI data.
In the year-ago fortnight, advances stood at Rs 79.83 lakh crore, while the deposits at Rs 109.17 lakh crore.
In the fortnight ended September 14, bank credit had risen by 13.46% to Rs 87.98 lakh crore, while the deposits grew by 8.58% to Rs 115.70 lakh crore.
In August this year, non-food credit rose by 12.4%, as against an increase of 5.5% in the year-ago month, the RBI data showed.
Advances to industry rose by 1.9% in August, against a contraction of 0.3% in August 2017.
Bank loans toagriculture and allied activities were up by 6.6%, compared with an increase of 6.5% in the same month last year.
Credit to the services sector expanded by 26.7%, against 5% last year.
Personal loans rose by 18.2% in August 2018, compared with 15.7% in August 2017.