The ERD’s report noted that banking system has experienced persistent and rapid expansion in bank credit with a growth of 18.6% for the fortnight ended 30 June 2026

The ERD’s report noted that banking system has experienced persistent and rapid expansion in bank credit with a growth of 18.6% for the fortnight ended 30 June 2026

A noticeable gap between credit and deposit growth is troubling the banking landscape. Consumers are shifting their savings from traditional deposits to diverse financial options.…