Bank credit growth lags deposit growth, says RBI data
 "Bank credit growth lags deposit growth, says RBI data")
Credit growth in the country continues to be behind deposit growth. The Reserve Bank of India's data released on Wednesday shows credit grew by 14.85 per cent year-on-year (y-o-y) as on January 10. On a y-o-y basis it stood at 15.56 per cent in the same period.
On a fortnight basis ending on January the credit grew by 0.59 per cent, while deposits recorded a growth of 0.63 per cent.
The monetary transmission in the system has been slower because banks have been reluctant to hike lending rate much due to slow credit pick-up.
On a fortnight basis ending on January the credit grew by 0.59 per cent, while deposits recorded a growth of 0.63 per cent.
The monetary transmission in the system has been slower because banks have been reluctant to hike lending rate much due to slow credit pick-up.