On the other hand, industrial credit demand almost doubled to 10.1% from 5.2%.
Another reason for the steep deceleration is that lenders are increasingly focusing on managing their skewed creditdeposit (CD) ratio as deposits have been flying out of their vaults for quite sometime now.
This story is from the September 18, 2024 edition of The Morning Standard.
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This story is from the September 18, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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