Bank Credit Growth Slumps To Five-Decade Low Of 6.14% In FY20
Reeling under tight liquidity conditions, NBFCs and HFCs begin relying on loan sell-downs to banks to raise funds. (Photographer: Dhiraj Singh/Bloomberg)

Bank Credit Growth Slumps To Five-Decade Low Of 6.14% In FY20

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Bank credit growth decelerated to an over five-decade low of 6.14 percent in the fiscal ended March 31, 2020, amid a faltering economy, lower demand and risk aversion among banks, RBI data showed.B...
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