ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Upwardly Sticky Bank Lending

The Reserve Bank of India's recent Report on Trend and Progress of Banking in India, 2008-09 places considerable emphasis on bank lending in the context of the country returning to a higher growth path. But credit growth has dropped unusually to a low of less than 10% for the period ending 30 October, which is about half of the RBI's projection for the current year and roughly about one-third of the growth rate witnessed a year ago. Banks seem to be reluctant to expand their credit portfolio. What of this phenomenon of upwardly sticky lending?


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