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Macronomics: Why Bank Results for the June Quarter Are Likely To Be Horrible

 

Banks are going to see some really tough results this coming quarter, and we're going to tell you why.

Banks create money (much much more money than the RBI creates) and therefore, their credit growth or lack thereof indicates how the economy is doing. And it's not doing that well, apparently.

Credit Growth Near Lows

Credit Growth has fallen to 9.75%, which is near multi-year lows . . .

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