Banks’ incremental credit down 4% in April-Dec: RBI
ENS Economic Bureau: Mumbai, Jan 19 2013, 01:19 IST
loan growth also slowed every month from April-November and averaged 14 per cent in the period compared with growth of 15.9 per cent in the same period last year.
Only in November 2012, retail loan grew 300bps faster than last year at 16.3 per cent as interest rate cuts on car loans lead to higher demand during the festival season. fe
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