scorecardresearchBank credit growth accelerates to 14% in Q1 despite hike in lending rates: RBI data

Bank credit growth accelerates to 14% in Q1 despite hike in lending rates: RBI data

Updated: 24 Sep 2022, 09:18 AM IST
TL;DR.
The growth came despite a 0.21 per cent increase in the weighted average lending rate on the outstanding loans, it said, adding that this was the first quarter of a hike after ten successive quarters of a decline.
An collectible banknote buyer holds Indian rupee banknotes in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg

An collectible banknote buyer holds Indian rupee banknotes in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg