 "banks, credit, recapitalisation")
The credit off-take showed a steady rise near the close of the financial year (FY18), reflecting steady expansion of retail advances and a gradual uptick in corporate demand. In contrast, deposit mobilisation saw a substantial moderation, a different picture from elevated growth at the start of FY18.
-
Deposit growth and credit expansion have been a tale of contrasts in 2017-18
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Credit growth gathered steam, in tandem with economic recovery, albeit in a gradual manner, from early part of the third quarter of the current financial year
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Year-on-year growth moved into double digits (10.7%) in December 2017
- The enhanced working capital requirement
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