OtherEconomic Times
Bank credit growth hits 19.5% in October
Positive+38
GreyOak summary
Reserve Bank of India data shows bank credit grew 19.5% year-on-year in October, reaching Rs 231.8 lakh crore. This surge, driven by festive demand and gold lending, marks a two-year high. Deposits also rose to 16.9% growth, totaling Rs 282.5 lakh crore.
What it affects
- Credit growthPositive +38
Credit growth surged to 19.5% year-on-year.Rolling sentiment Positive +25
