Monday, August 15, 2022

Banks gear up for a festival boost to loan, profit growth

As per the latest data released by the Reserve Bank of India, credit growth continued its strong upward run with a 15.1% increase year-on-year, the fastest since April 2019, in the fortnight ended July 29. The bulk of the growth has been driven by retail loans - home loans and personal - while corporate demand is also showing signs of revival.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-gear-up-for-a-festival-boost-to-loan-profit-growth/articleshow/93578227.cms

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