In FY22, total outstanding credit of scheduled commercial banks rose to ₹118 lakh crore which is almost 50% of GDP. Incremental growth in FY22 over FY21 was ₹9.41 lakh crore. In the first half of FY23, though, outstanding credit of banks had already expanded by ₹11 lakh crore over FY22 (full year).
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Budget 2023: Credit Growth Signals Economic Activity
Incremental growth in FY22 over FY21 was ₹9.41 lakh crore.
Infographics
India Inc.’S Corporate Scorecard
Companies overcome global headwinds and domestic challenges to ride the growth train.
The Rupee Got Its Mojo Back!
The rupee is holding strong against the dollar index compared with six major currencies in Asia.
In Weak Spirit
Ethanol futures dropped to $2.11 per gallon, marking the lowest level since February 2022, owing to production expansion, adjusted blending mandates, and increased stockpiles.
Kolkata's Bangur Richest Cement Entrepreneur
Benu Gopal Bangur of Shree Cement leads the cement category, followed by Yadu Hari Dalmia of Dalmia Bharat and Sushila Devi Singhania of J K Cements.
Infographics
India Inc.’S Corporate Scorecard
Companies overcome global headwinds and domestic challenges to ride the growth train.
The Rupee Got Its Mojo Back!
The rupee is holding strong against the dollar index compared with six major currencies in Asia.
In Weak Spirit
Ethanol futures dropped to $2.11 per gallon, marking the lowest level since February 2022, owing to production expansion, adjusted blending mandates, and increased stockpiles.
Kolkata's Bangur Richest Cement Entrepreneur
Benu Gopal Bangur of Shree Cement leads the cement category, followed by Yadu Hari Dalmia of Dalmia Bharat and Sushila Devi Singhania of J K Cements.
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