Credit Growth Slows To 8.74% In HI

But deposits have been relatively robust year-on-year at 9.53%, up to September 27

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Credit growth in the first half of FY2020 lagged deposit growth, probably indicating risk aversion among banks.

According to the Reserve Bank of India’s scheduled banks’ statement of position in India, credit growth in the first half slowed to 8.74 per cent year-on-year (y-o-y) up to September 27, 2019, (visa-vis September 28, 2018) against 12.38 per cent year-on-year growth up to September 28, 2018.

Deposit growth, however, has been relatively robust at 9.53 per cent yo-y up to September 27, 2019, against 7.96 per cent y-o-y growth up to September 28, 2018.