Bank credit growth slows to 11% from over 20% in year – Times of India
MUMBAI: Bank credit growth has slowed to 11.1% as of Nov 15, 2024 compared to 20.6% last year. Even after adjusting for the HDFC-HDFC Bank merger, growth remains slower at 12.4% versus 16.2% in 2023. There has also been a slowdown in deposit growth, albeit to a lesser extent. Compared to 13.6% deposit growth in…