Bank credit growth hits two-year high of 18.6% in June-end fortnight

• Bank lending increased 18.6%, the highest in 2 years.
• Banks gathered nearly ₹7 trillion in deposits, showing strong growth.
• In the last two weeks of June: ₹3.8 trillion loans issued and ₹6.97 trillion deposits added.
• This rise was driven by quarter-end pressure and foreign fund inflows.
• MSME lending improved due to the government’s ECLGS 5.0 scheme.

June ke end par banks ne apne targets achieve karne ke liye zyada loans diye aur deposits bhi kaafi badh gaye, especially MSME scheme ki wajah se.