Bank credit growth at 16.2 %, more than double last year's pace

ank credit rose 16.2 percent to Rs 125.5 lakh crore as of September 9'22 over last year's levels. This is reckoned to be the highest growth in more than eight years and more than double the pace of 6. per cent growth in September'21. Analysts attribute this to a surge in corporate demand besides a steady growth in retail and MSME loans.

from Banking/Finance-Industry-Economic Times https://ift.tt/CHvL3yc