💨 Abstract

The State Bank of India (SBI) report predicts that deposit growth will soon surpass credit growth, as the gap between the two has narrowed to 150 basis points, the lowest since May 2022. According to the report, credit growth was recorded at 13% as of September 2024, while deposit growth was at 11.5%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖