'Scope for credit growth to outpace economy,' says RBI

Quick Summary:

According to the RBI, India's credit-to-GDP ratio was 90.1% in 2022, indicating potential for higher credit growth compared to advanced and emerging markets.

This growth can boost economic development.

The analysis also finds that income growth positively impacts bank deposits.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaChina

Topics: Bank credit growth Credit growth and deposits RBI report Economic growth in India Business news India's credit market Credit to GDP ratio

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 04:24:10 (21 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 24681356

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