Finance
ComedianBanking Credit Growth Slows, But Deposits Are Still Rocking!
Arre bhai, banking ka kya scene hai! March 15 tak credit growth thoda slow ho gaya, 13.8% pe aa gaya hai, jaise kisi ne chaat ka paani thoda kam kar diya ho! Lekin deposits toh mast hai, 10.8% growth dekh rahe hain, aisa lag raha hai jaise sab tax dene ke liye tayyar hain. Analysts bolte hain, advance tax ki wajah se deposits thode kam ho gaye hain. Toh sochiye zara, banks ka kya hoga jab quarter end hoga!
few days ago | Aathira Varier
Quick rundown
1.Banking credit grew by 13.8% YoY in mid-March.
2.Deposits saw a 10.8% YoY increase in the same period.
3.Advance tax outflows impacted deposit growth.
4.Banks report data on fixed calendar cut-offs now.
5.Moderate credit growth with potential year-end acceleration.
