Banks' credit increased by 11.8% year-on-year in November, compared to a 16.5% rise in the same month in 2023, excluding the impact of HDFC Bank's merger with its parent, Housing Development Finance Corp, showed the latest data. Including the impact of the merger, banks' loans grew 10.6% in November, compared with nearly 21% in the year-ago period.
This story is from the January 02, 2025 edition of Financial Express Bengaluru.
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This story is from the January 02, 2025 edition of Financial Express Bengaluru.
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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'Rate-cut cycle unlikely to begin soon unless liquidity improves'
The sluggish deposit growth poses a risk to achieving higher economic growth, says Rajiv Anand, deputy managing director, Axis Bank. In an interview with Sachin Kumar, Anand speaks of the challenges facing the banking sector, including declining credit growth, stress in unsecured loans and tight liquidity. Excerpts:
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Kia India seeks additional time for PLI compliance
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