How banks’ credit growth slumped across sectors in the wake of coronavirus

By Aman Malik

  • 06 May 2020
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SBI employees wait for customers to offer loans in New Delhi | Credit: Reuters

In the last week of April, one month into the national lockdown, commercial banks parked more than Rs 7 trillion a day with the Reserve Bank of India. This, because they were averse to lending, or there simply were no borrowers. Banks typically park their excess funds with the RBI under ......

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