Going forward, analysts expect a combination of factors, including the RBI's rate hikes, slowing GDP growth, and the normalisation of the base effect to blunt the sharp growth in credit.
As on November 18, according to the latest RBI data, bank credit growth was at 17.2 per cent year-on-year (YoY) while deposit growth was at 9.6 per cent. According to a Macquarie report, the widening gap between loan and deposit growth was at 875 basis points for the fortnight ending November 4, the highest since November 2010.
This story is from the December 09, 2022 edition of Business Standard.
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This story is from the December 09, 2022 edition of Business Standard.
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