Bank credit hike by 14.88% , deposit by 9.3%
According to the RBI report bank credit hike by 14.88% to Rs. 91.11 lakh crore in the fortnight Nov 9, while deposit hiked by 9.33% to 118.25 lakh crore.
A bank loan of the service sector increased by 24%.
Personal loan hike by 15.1%
Agriculture and allied activity hike by 5.8%.
Credit to industry hike by 2.5%
From this report, we understand the finance sector are in the boom.
In the finance sector has much competition in the market. So it’s most important to perfect guidance of investment when investing in any company.