Question
As per RBI’s statement on ‘Quarterly
statistics on deposits and credit of SCBs: June 2022’, Scheduled commercial banks’ credit growth increased to _______ in June.Solution
Scheduled commercial banks’ credit growth increased to 14.2% in June from 10.8% a quarter ago as per RBI. Aggregate deposit growth (y-o-y) was in the range 9.5-10.2% during the last five quarters. RBI has released its statement on ‘Quarterly statistics on deposits and credit of SCBs: June 2022’.
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