Financial Daily from THE HINDU group of publications
Sunday, Sep 14, 2003
Financial Daily from THE HINDU group of publications Sunday, Sep 14, 2003 |
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Economy Money & Banking - Credit Market Increase in gross bank credit Our Bureau
Mumbai , Sept.13 GROSS bank credit has recorded a sharp increase of Rs 4,599 crore for the fortnight ended August 29, to touch Rs 7,32,000 crore. In the previous week, there was a decrease of Rs 1,430 crore in gross bank credit. While a section of bankers hope that this might be a sign of a revival in credit pick up, others caution, that it might be too early to pop the champagne corks just yet. "This kind of a sudden increase in figure of bank credit is not reflective of anything significant, unless it is sustained over a period of time. The current increase could well be due to an increase in demand in any particular segment of the economy and not spread across sectors'', according to a senior banking analyst.
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