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Higher crude prices fuel bank lending boom; credit growth hits 17.7%, fastest since June 2024
Bank lending saw its fastest growth in almost two years by May 31, 2026. Credit expanded significantly, reaching Rs 215.2 lakh crore. This surge occurred as bank deposits decreased by Rs 2.3 lakh crore. The gap between loans and deposits widened. Oil marketing companies and government schemes contributed to higher credit demand. Deposit growth lagged behind credit expansion.
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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…
