- Wealth PMS (50L+)
RBI’s latest data shows Credit Growth at 16.14%.
(Click for larger images)
Is this because of the lower base effect in 2009? Not really, since we have grown 35% since 2008.
However you see it – credit growth is perking up. But this is the beginning of the rate hike cycle, whose effect we will only see after six months or so. Watch this space.