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Credit growth slows for 8th month in Feb: RBI
The New Indian Express Mysuru
|March 28, 2025
Banks' credit growth was at 12% as against 16.6% in the trailing 12 months due to drop in personal, credit card loans
NON-FOOD credit growth of banks continued to slow down for the eighth consecutive month for the fortnight to February 21, 2025. Credit growth of banks was at 12% as against 16.6% reported in the trailing 12 months period, mainly due to a drop in personal and credit card loans following tighter rules by the Reserve Bank.
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