Credit growth drops down this festive season
By Vaibhav Aggarwal
Nov 5, 2014
Print    Email    RSS   

Recent data has showed that credit growth didn’t go up much this festive time. Usually in the festive season a high credit growth is expected but this time the retail loans were ahead of the credit demand. Due to the lending rates remained sticky at higher levels with Reserve Bank of India continuing with its tight monetary policy the growth was slow.

In the month of September the credit growth was noticed 6% only, where as it was 7.6% in the previous month and much more in the previous year. RBI stated that farm credit and personal loan segments were expected to be leading sectors for the growth but they couldn’t gain much this time. Personal loans grew by 13% in the month under review.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

BPLR or Base rate?? Which is better…?
Winning in Emerging Markets by Tarun...
Now, Do Banking on Social Media Sites
Pros and Cons of Personal loans
Personal loans in India: Features and...

effective love spells Get back your lover...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive