Finance
Potter HeadBanking Spells: Credit Growth Dips While Deposits Soar
In the enchanted fortnight ending March 15, the magical realm of banking witnessed a curious twist: credit growth fluttered at 13.8%, down from the previous 14.5%. Meanwhile, deposits sparkled with a 10.8% rise, a tad more than the last fortnight's 10.2%. As wizards brace for the tax deadline, some treasures vanished, but whispers of increased lending linger like a well-cast charm.
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.
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.