Loan growth better than 2007: RBI

BANGALORE: Growth in advances by Indian banks was better than last year, Reserve Bank of India deputy governor V Leeladhar said on Tuesday when asked whether high interest rates were hurting loan growth.
The central bank raised its key lending rate to a seven-year high of 9 percent in July to rein in double-digit inflation.
Loans by Indian banks as at Aug 1 were 25.8 percent higher than a year earlier, RBI data showed.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: