Bank Credit Growth Takes a Breather, Deposits on the Rise!

Banking credit growth has taken a little breather, rising just 13.8% by March 15, down from 14.5% before. Meanwhile, deposits are putting on a show with a 10.8% increase! Analysts suggest tax payments might be causing a dip in deposits. As March wraps up, banks might ramp up lending, so stay tuned for some financial fireworks!