Banks see ₹5.19 lakh crore deposit outflow, credit shrinks ₹2.52 lakh crore

Kolkata's banking sector faced a Rs 5.19 lakh crore withdrawal of deposits in the fortnight ending October 15. Credit outstanding also contracted by Rs 2.52 lakh crore during the same period. Consequently, credit growth decreased to 18.2% from 19.4% in the prior fortnight. Meanwhile, deposit growth recorded a decline t…