Credit growth slow despite rate cuts

Bank credit expansion slowed in July despite RBI's rate cuts, growing at 9.8%, lower than the previous year and deposit growth. Retail loan growth has been particularly affected since November 2023 due to regulatory restrictions. A recent HSBC report attributes the slowdown to the real sector's challenges, impacting investment and personal loan demand.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uOpcZs0
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