Banks have managed to meet the credit and deposit growth targets the Reserve Bank of India (RBI) set for them in the fiscal ended 31 March. The latest data from RBI shows banks managed to achieve a credit growth of 19.3% and a deposit growth of 17.4%. RBI’s targets were 16% and 17%, respectively. RBI had lowered its credit growth forecast to 16% from 17% in its January monetary policy
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