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Credit growth slows in April across major sectors

Credit growth slows in April across major sectors
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Ajit velonieReserve bank

GDP: Banks credit growth in FY25 to slow down to 14% on lower GDP uptick, RBI measures: Crisil

Crisil forecasts a 2 percentage point drop in the banking system s credit growth to 14% for the fiscal year 2024-25, citing factors such as lower GDP growth, RBI measures like higher risk weights on unsecured loans, and a high base effect. Slower deposit growth is expected to temper credit expansion, though the fundamental drivers of credit demand remain intact. While corporate segment growth is projected to maintain at 13%, retail growth will slow to 16%.

Ajit velonieMedium enterprises

Banks credit growth in FY25 to slow down to 14 pc on lower GDP uptick, RBI measures: Crisil

Banks credit growth in FY25 to slow down to 14 pc on lower GDP uptick, RBI measures: Crisil
dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.

Ajit velonieMedium enterprises

Banks credit growth in FY25 to slow down to 14% on lower GDP uptick, RBI measures: Crisil

The slowdown will be due to lower GDP growth at 6.8 per cent in FY25, as against 7.6 per cent in FY24, RBI measures like higher risk weights on unsecured loans and also a high base, the agency said.

Ajit velonieMedium enterprises

Bank credit growth to stay healthy, but with some moderation: Crisil

Bank credit growth expected to moderate to 14% in 2024-25 due to high base effect, lower GDP growth, and risk weights.

Ajit velonieIndia meteorological departmentIndia incSenior director

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