The Union Finance Minister Shri Arun Jaitley said that there is an immediate need to give impetus to credit growth. He said that credit growth, on year-on-year basis, declined to 10.0% in September 2014, with Public Sector Banks (PSBs) recording a growth of 7.9%. He further informed that growth in deposits also declined to 12.9% as of September 2014 from 13.7% as of March 2014. The Finance Minister, Shri Jaitley was making his Opening Remarks during the Pre Budget Consultative Meeting with the representatives of Banks and Financial Institutions here today.
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