Banking Interest Rates Have Continued To Trend Down Significantly: CARE Ratings
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CARE Ratings Research Report
Impact of the Covid-19 pandemic has been rampant globally, affecting the lives and livelihood negatively across the board with global economic growth being disrupted; however, the vaccination program has created hope for a quicker return to normal.
The Reserve Bank of India has taken several measures to support the economy and unlock credit delivery, including rate cuts.
The overall credit growth in the banking sector has continued to moderate due to the rise in risk aversion in the banking system and the continued parking of excess liquidity with RBI.
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