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HomeNewsOpinionThere's some good news. Credit growth is casting its net wide

There's some good news. Credit growth is casting its net wide

Moneycontrol Opinion   •

The star of the show this fiscal year has been the services sector. Loans outstanding to the services sector showed a growth of a mere 1.8 percent in the first quarter of FY23, compared to 7.7 percent in Q1 of the current fiscal year

while the share of loans outstanding to the sectors such as agriculture, industry and services has gone up, a large part of the incremental lending has also been to the financial sector

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