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As loan books of PSBs shrink, bank credit growth at 20-year low
Rediff.com

As loan books of PSBs shrink, bank credit growth at 20-year low

12 out of 21 public sector banks reported declines in their loan books in the last financial year against seven such banks in 2015-16 and none in 2013-14. Illustration: Uttam Ghosh/Rediff.com. Bank credit growth declined to a 20-year low in 2016-17 due to a virtual freeze in new loans by public sector banks. The combined advances of 32 listed public and private sector banks were up just 1.7 per cent, year on year, during 2016-17, growing at their slowest pace since 1995-96. Advances were up ... Rediff.com, 1 month ago
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