Bank credit up by 17.2 per cent in Q2; deposits grow 9.8 per cent
RBI says credit growth remained broad-based as all population groups, bank groups recorded double-digit growth
Bank credit in Apr-Jun grows 14.2 per cent, highest since Dec 2016 quarter
Double-digit credit growth in a quarter is a piece of good news for the economy as it hints at a revival in CAPEX as well as retail consumption.
India's bank credit growth expected to remain positive; retail loan may do well: CareEdge report
The rating agency said that inflation could, however, offset the growth potential to some extent by curbing the demand for credit.
Bank credits grow at 10.8 per cent in March quarter
The RBI in a statement said bank credit growth (y-o-y) rose steadily over the successive quarters of FY22 and moved to double-digits in March 2022.
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