India’s credit growth may fall further as coronavirus cases surge
- Date: 01-May-2021
- Source: The National
- Sector:Economy
- Country:Middle East
India’s credit growth may fall further as coronavirus cases surge
Indian bank credit growth hit a record low in fiscal 2020-21 and is expected to languish near those levels this year as a massive surge of Cvoid-19 infections risks denting India's economic recovery and forces lenders to turn cautious again.
Credit growth touched a record low of 5.6 per cent in financial year 2021, recently released Reserve Bank of India (RBI) data showed, and it slipped even further in April.
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