Business StandardCenter·
May bank credit grows over 17%, ninth straight month of double-digit growth
Bank credit grew 17.44 per cent year-on-year in May, marking the ninth consecutive month of double-digit expansion, reflecting sustained demand for loans from both retail and corporate borrowers, according to the latest Reserve Bank data. On May 15, credit growth was seen at 16.06 per cent, indicating a sharp pickup by month-end. Since January 31 this year, credit growth has stayed above 13 per cent and ranged between 14 and 17 per cent thereafter. The uptrend became more pronounced from Septem…
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