Finance
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Believe ItRBI data: Credit zooms to 12%, deposits lagging behind!
Hey, friends! The latest RBI data shows bank credit zooming at 12% while deposits are just chilling at 9.35%. That’s a 263 basis points gap, like a ninja sprinting ahead! Banks need to lower deposit rates, but don’t worry, credit growth is still on fire! Believe it!
few days ago | Subrata Panda
Quick rundown
1.Credit growth in India surged to nearly 12% year-on-year.
2.Deposit growth slowed to 9.35%, creating a credit-deposit gap.
3.RBI's liquidity measures aim to support credit growth.
4.Banks face challenges balancing deposit rates and credit demand.
5.RBI's repo rate cuts have influenced lending and deposit rates.
