Bank credit growth remains robust despite rate hike, shows RBI data
Total bank credit rose by 16.4% on a YoY basis as of Sep’22, supported by higher non-food credit demand.
Total bank credit rose by 16.4% on a YoY basis as of Sep’22, supported by higher non-food credit demand.
A report by CRISIL says an uptick in credit demand in FY19-FY20 will require banks to raise funds through fresh deposits.