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Offtake in Metropolitan region lifts credit growth in H1FY22: RBI

YoY credit growth of the Metropolitan region, which accounts for over 60% of bank credit, rose from 1.7% this March to 4.6% in September

RBI | credit growth  | bank credit growth

Abhijit Lele  |  Mumbai 

Credit risk funds came into the limelight after the default of IL&FS in 2018. Until last year, several funds saw a markdown on account of defaults on various debt papers. (Illustration: Binay Sinha)
Illustration: Binay Sinha

The rise in during the current financial year (FY22) has been led by a gradual revival in lending by banks in metropolitan centres, signalling a broad-based economic recovery, said the Reserve Bank of India on Friday.



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First Published: Fri, November 26 2021. 20:28 IST