Summary:
Overall deposits have grown by 1.94 per cent, while overall advances have grown by 8.35 per cent. Soneji said that overall slower growth in advances reflect overall slowdown in the economy. Total bank advances stand at Rs 5,84,439 crore, a rise of Rs 45,047 crore or 8.35 per cent over Rs 5,39,392 crore. Market players say that rise in advances is more to meet the liquidity of industries and is less because of actual growth. According to the report, bank deposits stand at Rs 6,75,228 crore, a rise of 1.94 per cent over Rs 6,62,394 crore in the last quarter of the previous fiscal..