Gross Bank Credit

Lower GDP growth, RBI rate hikes, reversal of base effect to blunt credit growth, analysts say

Deposit growth rises 9.6%, analysts cite FPI flows, govt spending

The bank said for select products and vouchers, redemption of reward points will be capped at 70 per cent of the total value, but this is not applicable for Infina and Diners Black cards

RBI data showed the metropolitan regions saw maximum acceleration with YoY credit growth vaulting from 2.7% in June 2021 to 13.2% in June 2022

Rating agency CARE in a statement said the credit growth is expected to be in the range of 7.5% to 8.0% for FY22.

Non-food bank credit growth decelerated to 7 per cent in December 2019 from 12.8 per cent in December 2018

Farm loan waivers, non-performing loans in the affordable housing segment, and the Nirav Modi scam are the reasons for slow credit growth, experts said