Care Ratings reported that since January 2024, credit growth has been slower than deposit growth by Rs 3.5 lakh crore. Additional credit reached Rs 8.4 lakh crore, while deposits grew by Rs 11.9 lakh crore. By July 12, 2024, the credit-to-deposit ratio was 79.4%, suggesting potential difficulties for future credit expansion.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.