Bank credit growth rises to 16.5% to Rs 132.81 trillion in Jan 13 fortnight

Quick Summary:

Having said that, the overall credit growth has moderated from around 18 per cent in early October.

With system liquidity shrinking, banks have become more aggressive to garner deposits to fund the high credit growth in the economy.

Bank credit growth rises to 16.5% to Rs 132.Private banks post 31.

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Article Details

Author / Journalist: Subrata Panda

Category: BusinessFinance

Markets: IndiaMali

Topics: Credit Bank Year Growth Fortnight Deposit Effect Banks Cent Base Ended

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-27 @ 20:51:00 (1 months ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 4861151

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Official Website: business-standard.com

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