Bank loans grew by a whopping 2.31 lakh crore in the fortnight ended March 27, suggesting robust loan demand just when a nationwide lockdown was enforced to include the spread of COVID-19, according to the RBI.
This was probably the highest fortnightly loan growth recorded in fiscal year 2019-20 The lockdown, that paralysed the financial activity, entered effect on March 25.
Soumya Kanti Ghosh, group chief economic adviser, SBI, had stated in a report that the banks have actually experienced a healthy credit need in the last seven days of the fiscal year 2019-20
” The good idea is that banks have actually experienced good traction in credit (term and working capital requirements) in the last 7 days of