Economic dataBusiness Standard
Bank credit growth tops 19% for fourth month
Negative-17
GreyOak summary
RBI data shows bank credit growth accelerated to 19.54% year-on-year in October, the fourth consecutive month above 19%. Deposit growth moderated to 16.86%, widening the gap between the two. The Reserve Bank raised the repo rate to 5.50% in October, with economists expecting further hikes that could temper loan demand.
What it affects
- RBI policy rate and stanceNegative -17
Repo rate raised to 5.50% by RBI.Rolling sentiment Negative -46
