Credit growth of banks remained quite low at just over 10% for the fortnight ended
Dec 4 on a yearly basis compared to over 20% in the corresponding period last year.
Credit growth remained at just over 10% for the fortnight ended Nov 20 on yearly basis compared to over 20 per cent in the corresponding period of 2008.
The credit growth of commercial banks in India came down to 21.2 percent during 2008-09 from 25 percent a year ago due to the slowdown in the economy
following the global financial crisis, the Reserve Bank said
Standard Chartered Bank expects a
steady 13-15 per cent growth in credit over the next one year,
a top company official said on Wednesday.
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