Bank credit grows 6.52 per cent to Rs 102.52 lakh cr; deposits up 10.64 per cent
The Reserve Bank of India (RBI), in a separate release, said bank credit growth (y-o-y) decelerated for the fourth successive quarter in December 2019 as industrial credit growth (-0.8 per cent) moved to the negative terrain for the first time after September 2017. During the quarter, personal loans segment continued to grow at a robust pace of 17.1 per cent.
Source : The Economic Times
