Contraction in bank credit is worrisome
But the RBI, in its latest annual report, cites only standard factors as responsible
While demonetisation hogged the headlines from the RBI’s latest annual report, there are other noteworthy aspects as well in the report. The central bank’s views on economic growth, bank credit and markets, for instance, are interesting.On economic growth, overall growth at 7.1 per cent was modest and continued to be driven by consumption (both personal and public), which has been the trend for so...
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