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Bank credit grows over 17% in May, extending double-digit rise for 9th month in a row
Bank credit saw a strong 17.44 percent growth in May. This marks the ninth straight month of double-digit expansion. Demand for loans from individuals and businesses remains high. Credit growth has consistently stayed above 13 percent since January. The Reserve Bank data shows a sustained upward trend in lending.
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economictimes.indiatimes.com
Bank credit grows over 17% in May, extending double-digit rise for 9th month in a row
Bank credit saw a strong 17.44 percent growth in May. This marks the ninth straight month of double-digit expansion. Demand for loans from individuals and businesses remains high.…
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Bank credit grows 17.4% in May as rising yields push companies to loans
Bank loans are seeing a surge. Credit growth reached 17.4 percent by May 31, the highest in almost two years. This rise is driven by companies seeking loans as bond market yields…
