Good news on growth front: Non-food credit growth rises to 15.07% – The Financial Express

The deposit rate growth has been below 10% since over a year from August 4, 2017 owing to the high deposits on account of demonetisation, also impacting loan growth. Non-food credit growth rises 15.07%The growth in non-food bank credit rose by 15.07% year-on-year during the fortnight ended December 7 from 14.92% in the previous fortnight. The growth comes off a relative weak base; in 2017 banks were lending cautiously as they were grappling with loan losses and demand from companies was muted. D...
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