bank credit: No systemic risk build-up seen in India's bank credit: RBI Deputy Guv Michael Patra

Reserve Bank of India Deputy Governor, Michael Patra, stated that India is on track to become a $5 trillion economy by 2027 and there are currently no signs of overheating. Patra mentioned that bank credit is being closely monitored as an indicator of overheating, and current rates of credit expansion do not indicate any systemic stress.

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