RBI’s moves may not snap banks’ wariness to lend2 min read 19 Apr 2020, 09:59 PM IST
Non-food credit grew 6.1% in 2019-20, the lowest since 1993-94, when it was 5.7%
Given the prevailing uncertainty, banks are ready to earn a low return by parking money with the central bank than lend
Reserve Bank of India (RBI) governor Shaktikanta Das announced a series of measures on Friday to encourage banks to lend. This comes after non-food credit growth fell to a 26-year low in 2019-20. Will RBI’s new moves encourage banks to lend more? Mint takes a look.
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