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RBI: Bank credit grows by 6.63%, deposits by 12.06%


Synopsis
Bank credit increased by 6.58 per cent to Rs 107.04 lakh crore and deposits rose by 11.75 per cent to Rs 147.81 lakh crore in the previous fortnight ended February 12, 2021.
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Bank credit growth is accelerating with unlock trade gathering momentum as aggregate loans disbursed in the five months to February this year rose nearly 50 percent.
An analysis of RBI s credit data shows that banks lent Rs 5 lakh crore between end September and February of the current fiscal compared to Rs 3.3 lakh crore in the same period of FY 20.As of February 26, overall credit growth was higher at 6.6 per cent than 6.1 per cent a year ago. But loan growth in Septmber 20 was lower at 5.1 per cent compared to 8.8 per cent in the same period a year ago, indicating that the unlock phase has spurred credit demand. ....

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Focus on North Fork - March 14, 2021 - Petroleum News


Providing coverage of Alaska and northern Canada s oil and gas industry
Focus on North Fork
Kay Cashman
Petroleum News
Vision Resources, a Gardes Holdings company, has entered into a five-year natural gas sales and purchase agreement with Alaska Pipeline Co. that will result in APC’s utility affiliate Enstar Natural Gas Co. distributing gas from Vision’s North Fork unit. The field is north of Homer on Alaska’s southern Kenai Peninsula.
The agreement was filed in February by Enstar with the Regulatory Commission of Alaska, which oversees supply contracts for regulated utilities. Enstar provides natural gas distribution service to the municipality of Anchorage and portions of the Matanuska-Susitna and Kenai Peninsula boroughs. ....

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