Tuesday, January 3, 2023

Banks report high credit growth with Indian economy showing stability

Bank of Maharashtra said that its gross advances grew nearly 22% year-on-year to Rs 1.57 lakh crore, while privately owned Federal Bank reported 19% rise to Rs 1.71 lakh crore. Smaller lenders such as South Indian Bank, CSB and Dhanlaxmi too reported high credit growth numbers a day before indicating that credit demand has been quite broad based.

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

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