Credit Growth Of Banks Remains Flat In Near Term: Report

The bank credit growth remained flat over the last fourteen days and was restricted from declining further as customers had started purchasing due to the festive season leading to retail demand along with various online shopping portals offering Diwali sale offers, according to a recent research report released by CARE Ratings. According to data complied by the report, the credit growth of banks declined to 5.7 per cent and 5.8 per c...