In FY22, total outstanding credit of scheduled commercial banks rose to ₹118 lakh crore which is almost 50% of GDP. Incremental growth in FY22 over FY21 was ₹9.41 lakh crore. In the first half of FY23, though, outstanding credit of banks had already expanded by ₹11 lakh crore over FY22 (full year).
Infographics
Budget 2023: Credit Growth Signals Economic Activity
Incremental growth in FY22 over FY21 was ₹9.41 lakh crore.
![Budget 2023: Credit Growth Signals Economic Activity](https://images.assettype.com/fortuneindia%2F2023-02%2F74c09511-fcfc-4a94-8f47-853af647cef7%2FCredit_Growth.jpg?rect=0,0,2602,1464&w=1250&q=60)
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