SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bank credit growth increases 11.52%, deposits up 7.96%

26 Apr 2018 Evaluate

Credit growth of banks grew by 11.52 percent year-on-year to Rs 84,78,459 crore in the fortnight ended April 13, 2018. According to latest data from the Reserve Bank of India (RBI), the advances had stood at Rs 76,01,970 crore in the same fortnight ended April 14, 2017. In the previous fortnight ended March 30, 2018, banks loan growth had grown at 10.32 percent to Rs 86,50,714 crore from Rs 78,41,466  crore in the period ended March 31, 2017.

As per the data, it indicated that in the period ended April 13, the bank deposits increased by 7.96 percent to Rs 113,77,729 crore from Rs 105,38,304 crore in the year-ago period. It also showed that in the fortnight ended March 30, the deposits had increased by 6.66 percent to Rs 1,14,74,989 crore from Rs 1,07,57,656 crore in the year-ago period.

The data further highlighted that in February 2018, non-food bank credit increased by 9.8 percent on a year-on-year basis as against an increase of 3.3 percent in February 2017. It noted that credit to agriculture and allied activities increased by 9 percent in February 2018, same as in February 2017.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: