Credit growth in the fortnight ending November 15 slowed to 11.15 per cent year-on-year (Y-o-Y), while deposit growth slightly outpaced credit growth, reaching 11.21 per cent Y-o-Y, according to the latest data from the Reserve Bank of India (RBI). Data shows that outstanding deposits in the fortnight ending November 15 stood at Rs 218.54 trillion, while outstanding credit stood at Rs 173.62 trillion. In the previous fortnight (November 1), outstanding deposits were Rs 220.27 trillion, while outstanding credit was Rs 174.37 trillion. Both credit disbursement and deposit mobilisation saw a decline in the reporting fortnight. Credit and deposits had grown in tandem in the fortnight ending November 1. While credit grew by 11.9 per cent, deposits grew by 11.83 per cent Y-o-Y. It was in the fortnight ending October 18, after 30 months, that deposit growth of 11.7 per cent outpaced credit growth of 11.5 per cent, possibly signalling the beginning of a period where the liabilities side will keep pace with the asset side of lenders.