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.
Bu hikaye Business Standard dergisinin December 09, 2022 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 09, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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