Bank credit outpaces deposit growth during busy biz cycle

“Credit growth has further accelerated to 18% as of October 21, while deposits continue to grow at 9.5%. But rather than scale up deposit growth, banks are falling back on their investment and increasing their ratio of credit to deposit. Most banks have raised their credit-deposit ratio to over 80%,” said a TOI report.

from Banking/Finance-Industry-Economic Times https://ift.tt/dj8z9If