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).
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Budget 2023: Credit Growth Signals Economic Activity
Incremental growth in FY22 over FY21 was ₹9.41 lakh crore.
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The Banking Scorecard
The combined profit of listed public and private sector banks surged 39% to ₹3.1 lakh crore in FY24, compared with ₹2.2 lakh crore in FY23.
Mapping India’s Luxury Landscape
The domestic luxury market is poised for rapid growth, and homegrown and global brands are going all out to cash in.
Flirting At 2-Yr Highs
Sector macroscope: Copper, Cocoa, and Aluminium.
Credit Growth Is Chugging Along
The growth in bank credit offtake has been fuelled by the merger between HDFC Bank and HDFC.
More FromInfographics
The Banking Scorecard
The combined profit of listed public and private sector banks surged 39% to ₹3.1 lakh crore in FY24, compared with ₹2.2 lakh crore in FY23.
Mapping India’s Luxury Landscape
The domestic luxury market is poised for rapid growth, and homegrown and global brands are going all out to cash in.
Flirting At 2-Yr Highs
Sector macroscope: Copper, Cocoa, and Aluminium.
Credit Growth Is Chugging Along
The growth in bank credit offtake has been fuelled by the merger between HDFC Bank and HDFC.
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