Holiday Season Helps Bank Credit Grow 8.2% YoY, Data Shows


Showing a steady increase in credit demand, bank lending increased by 8.2% year-on-year (YoY) at the end of the fortnight on January 28, 2022.

In the previous fortnight (January 14, 2022), it was 8% year-on-year, according to Reserve Bank of India data. The pace of credit has picked up over the past four months alongside the economic recovery and the holiday season.

At the start of the second half of FY22, credit growth was 6.5% year-over-year (October 8, 2021). According to the RBI Bank Lending Survey, bankers were highly optimistic about loan demand from all major sectors in the fourth quarter ending March 2022 (Q4, FY22).

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