According to the reports so far the banks have shown good increase in credit growth this fiscal year. It has been reported that till the fourth quarter of this year up to 7th February banks have collectively lent Rs. 19,126 crore, which is much more in comparison to the last year.
Recently the credit growth of banks has increased tremendously from from Rs 78,060 crore to Rs 97,186 crore. According to the bankers the credit growth is achieved due to short term loans, working capitals and retail segments. On the other hand a drop down in deposits has been noticed from Rs 103,455 crore to Rs 99,931 crore.