Bank lending remains buoyant in April too

Lending to industry on the other hand slowed to 7.0 per cent (y-o-y) in April 2023 as compared with 8.0 per cent in April 2022. "Demand from corporates for working capital requirements could be lower this fiscal due to a fall in global commodity prices resulting in lower input costs" said Saugata Bhattacharya, chief economist at Axis Bank.

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