In the third quarter of 2009, the growth of loan has slowed down as compared to both previous year''s levels and the preceding Q2. Meanwhile, the foreign exchange reserves grew $627 million 
on account of the appreciation of gold in reserves.
According to the figures released by the Reserve Bank of India (RBI) in its weekly statistical supplement, total bank credit in December, including food and non-food credit, rose Rs 1,572 crore to Rs 26,45,415 crore. On the other hand, during the month the food credit rose by Rs 2,730 crore while the non-food credit dipped Rs 1,157 crore. Apart from this, the deposits increased by Rs 21,412 crore to touch Rs 35,69,352 crore as on 26 December.
For the quarter as whole, between September 26 and December 27, the total bank credit rose by Rs 102,947 crore as against a growth of Rs 1,11,806 crore in the same period a year ago and Rs 1,29,397 crore in the previous quarter ended September 2008.
The non-food credit between September and December 2008 grew by Rs 95,000 crore as compared with a growth of Rs 1,07,803 crore in the same period a year ago. Though in December the deposit growth slowed down, the quarter ended with a higher growth of RS 1,27,215 crore as against Rs 79,928 crore in the same period a year ago.
During the week ended January 2, the foreign exchange reserve including gold and SDR fell $627m to $ 255.2bn. While foreign currency assets grew 5$m largely on account of the revaluation of non-dollar assets in the reserves. The value of gold in reserves went up $624m.
Apart from this, the government availed of the ways and means advances. The outstanding WMA as on 2 January amounted to Rs 33,232 crore, way above the revised limit of Rs 20,000 crore.
on account of the appreciation of gold in reserves.According to the figures released by the Reserve Bank of India (RBI) in its weekly statistical supplement, total bank credit in December, including food and non-food credit, rose Rs 1,572 crore to Rs 26,45,415 crore. On the other hand, during the month the food credit rose by Rs 2,730 crore while the non-food credit dipped Rs 1,157 crore. Apart from this, the deposits increased by Rs 21,412 crore to touch Rs 35,69,352 crore as on 26 December.
For the quarter as whole, between September 26 and December 27, the total bank credit rose by Rs 102,947 crore as against a growth of Rs 1,11,806 crore in the same period a year ago and Rs 1,29,397 crore in the previous quarter ended September 2008.
The non-food credit between September and December 2008 grew by Rs 95,000 crore as compared with a growth of Rs 1,07,803 crore in the same period a year ago. Though in December the deposit growth slowed down, the quarter ended with a higher growth of RS 1,27,215 crore as against Rs 79,928 crore in the same period a year ago.
During the week ended January 2, the foreign exchange reserve including gold and SDR fell $627m to $ 255.2bn. While foreign currency assets grew 5$m largely on account of the revaluation of non-dollar assets in the reserves. The value of gold in reserves went up $624m.
Apart from this, the government availed of the ways and means advances. The outstanding WMA as on 2 January amounted to Rs 33,232 crore, way above the revised limit of Rs 20,000 crore.
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