Commercial credit up 15% in a year as rate cuts spur demand

One basis point is a hundredth of a percentage point. Incremental credit growth in the first 10 months of this fiscal year was Rs 34.5 lakh crore, up 35% over the corresponding period, data published by the RBI in its latest monthly bulletin showed. The gap between bank credit and non-banking sources of credit widened in January over the corresponding period.Live Events "The pickup in credit offtake reflects the impact of the combination of rate cuts by RBI and significant liquidity infusion," said Gaura S ...