Report
India’s bank credit growth may ease from around 19% after rate hike
The Economic Times reports the RBI raised its repo rate by 25 basis points to 5.5% to address rising inflation.
TLDR
The Economic Times reports that the Reserve Bank of India expects bank credit growth, now around 19%, to moderate after its rate hike. Governor Sanjay Malhotra said lending should remain strong enough to support economic growth. Deputy Governor S Janakiraman said higher rates typically take a couple of quarters to feed through to borrowing costs.
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