Finance
Mr. BillionhairBank Credit Blasts Off 12% While Deposits Trip at 9.35%
Listen up, folks! Bank credit is on fire—12% year-on-year! But deposits? They're dragging at 9.35%. That's a whopping 263 basis points gap! The RBI is throwing everything at it—liquidity measures, rate cuts, you name it! It’s a banking extravaganza, and we’re just getting started! Believe me, this is huge!
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.
