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Bank credit growth reduces to 4.8%

Bank credit growth reduces to 4.8%

Saturday, March 4, 2017, 10:55 AM

According to Reserve Bank of India (RBI) data, Credit growth in the banking sector continues to drop and has now posted a growth rate of 4.8% as on February 17. In the fortnight ended January 27, the credit growth had reduced to 4.71%, lowest since at least 1998. Credit growth was 11.2% in the year-ago period and has now touched 5%.
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