Bank credit grows 6.2 pc in December quarter: RBI ...Middle East

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Bank credit growth on a year-on-year basis improved to 6.2 per cent in the December quarter from 5.8 per cent in the previous three-month period, RBI data showed. However, credit growth in the third quarter of the current fiscal was lower when compared to 7.4 per cent growth recorded a year ago. Growth in credit by private sector banks decelerated considerably to 6.7 per cent in the quarter ended December 2020 as against 13.1 per cent a year ago. Advances growth in public sector banks improved to 6.5 per cent in December 2020 quarter as against 3.7 per cent in the same period of 2019, the data showed. The RBI on Thursday released the 'Quarterly Basic Statistical Returns (BSR)-1: Outstanding

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Bank credit grows 6.2 pc in December quarter: RBI ...Middle East

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