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Lending rates likely to stay low on weak credit demand
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Last Updated: Jun 07, 2021, 07:41 AM IST
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Synopsis
Addition to deposits at Rs 13.4 lakh crore over 12 months to May 21 was more than double the increase of Rs 6.1 lakh crore in loans outstanding, show Reserve Bank of India data.
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Mumbai: Bank lending rates are likely to stay low for a few more quarters, as deposit growth continued to outpace loan growth and corporate demand for funds remained subdued.
Addition to deposits at Rs 13.4 lakh crore over 12 months to May 21 was more than double the increase of Rs 6.1 lakh crore in loans outstanding, show Reserve Bank of India data.