Bank credit grew by 5.06 per cent to Rs 103.39 lakh crore, while deposits rose by 10.12 per cent to Rs 142.92 lakh crore in the fortnight ended October 23, according to the RBI data
With the unlocking process on course, festival season is expected to lead to further rise in demand for credit
Growth in loans to agriculture and allied activities rose 4.9 per cent in the reporting month
In the fortnight ended September 13, 2019, bank credit was at Rs 97.13 trillion and deposits at Rs 127.22 trillion
It is true that though both low spirits and low real investment may be caused by a common set of economic factors
According to Reserve Bank of India data, the year-on-year growth in credit was 5.5% for the fortnight ended August 28, 2020
Credit to the services sector continued to grow at a robust, albeit decelerated, rate at 10.7 per cent in June 2020 vis-a-vis 13 per cent in June 2019
On an year-on-year (YoY) basis, non-food bank credit growth was at 6.7 per cent in June 2020
But bear in mind that the government will surely organise a bailout in such a scenario
Network to connect lenders, loan marketplaces, borrowers on a single platform and make access to credit a matter of minutes
This data is as of July 15. However, at Rs 68,000 crore, the disbursed amount is 23 per cent of the promised Rs 3 trillion.
Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.
However, this is against the sanction of Rs 1.10 trillion under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs) till July 1.
Attention is turning to India's post-pandemic potential growth, which could fall to a two-decade low
According to Reserve Bank of India (RBI) data, gross bank credit was down to Rs 91.08 trillion in May, from Rs 92.63 trillion in March.
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Much of the money that households and businesses receive in the form of stimulus checks will probably sit idle in their bank accounts
In the fortnight ended May 24, 2019, bank loans had stood at Rs 96.21 trillion and deposits at Rs 124.99 trillion, the RBI data showed
Loans sanctioned by public sector banks (PSBs) at the end of May 8 stood at Rs 5.95 trillion
Credit costs could touch Rs 2.7 trillion