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Banking Spells: Credit Growth Dips While Deposits Soar

Banking 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.

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.

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