Slowing Indian bank lending overshadows economic rebound hopes - News blog

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Wednesday, October 16, 2019

Slowing Indian bank lending overshadows economic rebound hopes

Credit growth by banks had nearly halved to 8.8% at the end-September from the start of the year, as per the RBI data. The weak growth in lending comes at a time when banks have been cutting interest rates and making it cheaper to borrow.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2MiMl6E
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