According to the data released by the Reserve Bank of India (RBI), bank credits increased 5.73% to ₹105.04 lakh crores.
The data has been released for fortnight ended on 4 December.
The deposits increased by 11.34% to ₹146 lakh crores.
Last year during the same year, bank credits and deposits stood at ₹99.35 lakh crores and ₹131 lakh crores respectively.
Last month, the bank credits grew by 5.82% to ₹104.34 lakh crores and deposits grew by 10.89% to ₹143.70 lakh crores.