Monday, July 11, 2022

Credit growth expected to improve aided by govt's push on public spending

As the Indian economy has navigated the pandemic-induced shocks, Care Edge report said, the bank credit growth by scheduled commercial banks (SCBs) improved post-August 2021 to reach 13.1 per cent in early June 2022, a rate last recorded in March 2019. Apart from retail, the major driver of this growth has been the wholesale credit, which reported double-digit growth after witnessing a significant slowdown last year, it said.

from Banking/Finance-Industry-Economic Times https://ift.tt/McwBons

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