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Pace of credit to retail declined to 18% in Oct
Business Standard
|December 01, 2023
The pace of bank credit in the retail segment moderated to 18 per cent on a year-on-year (Y-O-Y) basis in October 2023, down from 20.5 per cent a year ago.
Bank lending to finance firms, which is part of the services sector, slowed to 22.1 per cent in October, compared to 34.3 per cent in the year-ago month, according to Reserve Bank of India (RBI) data.
October is marked by festival season demand and also the start of the busy season of the financial year.
Esta historia es de la edición December 01, 2023 de Business Standard.
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