Home / Economy / News / BFSI Summit: Credit growth not exuberant, shows economic strength, says Das

BFSI Summit: Credit growth not exuberant, shows economic strength, says Das

'Loan-deposit growth gap due to base effect; high-frequency indicators in green zone'

Shaktikanta Das. Photo: Kamlesh Pednekar

Premium

RBI Governor Shaktikanta Das speaks at a fireside chat during Business Standard BFSI Insight Summit 2022 on Wednesday | Photo: Kamlesh Pednekar

Bhaskar Dutta Manojit Saha Mumbai

5 min read Last Updated : Dec 21 2022 | 11:22 PM IST

The wide gap between the credit and deposit growth rates was on account of their respective statistical bases, and high loan growth reflected the fundamentals of the Indian economy, Reserve Bank of India (RBI) Governor Shaktikanta Das said at the Business Standard BFSI Insight Summit on Wednesday.

“Just as the credit growth looks very high because of a low base of the previous year, deposit growth looks pretty low because of the base effect of the previous years,” Das said during a fireside chat.

According to the latest data released by the RBI, bank credit was growing at 17.5 per

Topics : Reserve Bank of India BFSI Shaktikanta Das

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in