Chennai, Oct. 6 -- Bank credit growth has continued to outpace deposits in the current fortnight, though overall credit offtake continues to trail significantly behind the levels seen during the same period last year, said credit rating agency CARE Ratings.
At the same time, deposit growth has slipped below the double-digit mark for the second fortnight in a row, after remaining above it for the past three months.
According to CARE Ratings, as of September 19, credit offtake stood at Rs. 189.0 lakh crore, reflecting a 10.4pc year-on-year rise, majorly due to credit expansion to micro and small enterprises.
This growth remains substantially lower than the 13pc growth recorded in the previous year (excluding the merger impact), attributed ...