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HomeNewsOpinionWhy India's bank credit to GDP ratio is low when there's no shortage of banks

Why India's bank credit to GDP ratio is low when there's no shortage of banks

Rajrishi Singhal   •

Despite having close to 2000 banks, the ratio is only at 58 percent for India, even as countries with fewer banks boast of a higher number  

Just having more banks or more bank branches may perhaps not achieve the desired result of improving credit-to-GDP ratio. This metric is linked intrinsically to the overall health of the economy

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