ADVERTISEMENT
What A Trifecta Of Higher Currency, Rising Deposits And Weak Credit Signals
Currency in circulation is rising but so are bank deposits even as credit growth is weak.
08 Jun 2020, 02:54 PM IST
An impending recession, brought on by a pandemic, has led to an unusual combination of indicators being seen across the Indian economy.Currency in circulation is rising but so are bank deposits even as credit growth is weak.The combination, according to economists, suggests that consumers are holding on to more cash and keeping more funds in bank deposits amid a degree of uncertainty, while lenders are staying away from fresh credit....
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT