Mumbai: Credit in the banking system continues to grow at a muted pace. As per the Reserve Bank of India data, credit in the system grew by 9.4% by October 02, 2015 to Rs 68,30,245 crore from Rs 62,40,256 crore a year ago.
In the same period deposits increased slightly faster at 11% to Rs 91,63,815 crore.
Even though the festival season has started banks have not seen a significant improvement in credit offtake. For over a year, credit in the system has been growing below ten%. RBI has been hopeful that credit off take will begin to improve by the September-October however the banking system is yet to see a pick up.
Your email address will not be published. Required fields are marked *
Goa Institute of Management hosts its Grand Alumni Meet
World Peace Prize Conferred Upon Elder D. Tod Christofferson
The Westin Pune Koregaon Park Presents Malaysian Food Festival
Savour palatable Rajasthani cuisine@ 3 Spices, DoubleTree by Hilton
Select a category
Play slots online with critic.net
2014 The Global Indian New Network (TGINN)