Bank credit records slowest growth rate
Bank credit records slowest growth rate SECTIONS Share Synopsis Credit growth slowed further to 5.6% in the fiscal ended March 2021 compared to 6.1% reported in fiscal 2020, RBI data shows. This is the slowest pace of growth since the data available on the RBI website as far as 1965. Agencies Companies are major borrowers of credit from banks due to their large requirements for investment as well as working capital requirements. Bank credit has grown at its slowest pace ever recorded indicating weak demand for loans especially from companies and also a gradual shift by the higher rated compan...
Source: indiatimes.com