Macronomics: Industrial Bank Credit Contracts Even Before Demonetisation, Banks Still Love Real Estate Borrowers

Today’s Macro Data isn’t about demonetization. It’s about pre-demonetization. Tomorrow’s the RBI policy and it looks like there’s going to be a rate cut. Because there’s no reason not to – inflation is low right now, growth isn’t happening (we’ll demonstrate) and banks aren’t cutting rates yet. Let’s see how growth has fared. India’s bankers […]
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