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Credit growth in the first half of FY2020 lagged deposit growth, probably indicating risk aversion among banks. According to the Reserve Bank of India s scheduled banks statement of position in India, credit growth in the first half slowed to 8.74 per cent year-on-year (y-o-y) up to September 27, 2019, (vis-a-vis September 28, 2018) against 12.38 per cent year-on-year growth up to September 28, 2018.

12.47 AM Oct 13th
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