Bank Credit growth improves to 6.2% YoY in December quarter: RBI
The RBI on Thursday released the 'Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), December 2020'.
The RBI on Thursday released the 'Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), December 2020'.
It had earlier estimated the banking industry's NPAs to surge to 11.5 per cent of the overall assets in FY21.
Kotak Mahindra Bank whole-time director and president Gaurang Shah said the retail, a low-cost liability base, is key sustenance factor of the banks.
Saddled with high bad debt and weak corporate demand, credit growth plunged to a whopping six-decade low of 5.08 per…