The Indian ExpressApr 25, 2022Retail, MSMEs push credit growth rate to near double-digitsCredit growth in the banking sector is set to hit the double digits with offtake by borrowers rising by 9.6 per cent as on March 25, 2022, signalling the economy could be showing signs of a comeback on the back of a big capital expenditure push by the government. With Covid pandemic hitting the economy, credit growth had dipped to 5.6 per cent in the same period last year, according to the latest Reserve Bank data.Read more at The Indian Express
Credit growth in the banking sector is set to hit the double digits with offtake by borrowers rising by 9.6 per cent as on March 25, 2022, signalling the economy could be showing signs of a comeback on the back of a big capital expenditure push by the government. With Covid pandemic hitting the economy, credit growth had dipped to 5.6 per cent in the same period last year, according to the latest Reserve Bank data.Read more at The Indian Express
