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Falling Bank Credit Growth Adds To Slowdown Worries
At current levels, credit growth is at its lowest since about March 2018.
27 Sep 2019, 03:43 PM IST
Bank credit growth continues to remain muted despite attempts to kick-start lending by ensuring surplus liquidity and infusing more capital into public sector banks.Fortnightly data released by the Reserve Bank of India showed that gross bank credit growth fell to 10.26 percent for the fortnight ended Sept. 13. Credit growth in the first fortnight of the month remained at the same level as in August and well below the peak of 15.1 pe...
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