Bank Credit Growth at 19.6%

RBI releases India’s credit growth stats show Bank Credit at 19.6%, with credit coming down from 33.63 trillion (1 Trillion = 1 Lakh Cr.) to 33.57 lakh cr versus a fortnight earlier. Credit growth is down to 19.06% from 21.18%.

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Note that credit growth last year came down substantially from March to September, so the next few months should see strong growth figures even if the absolute numbers come down. And in general we are still strong:

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This entry was posted on Thursday, August 12th, 2010 at 7:07 AM and is filed under Credit. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.