12-June-2026
Banking
 
Higher crude prices fuel bank lending boom; credit growth hits 17.7%, fastest since June 2024
12-Jun-2026

India's bank credit growth accelerated to its fastest pace in nearly two years, driven in part by rising borrowing from oil marketing companies hit by lower realisations following the recent surge in crude prices, according to a report by Times of India. Credit expanded 17.7% year-on-year in the fortnight ended May 31, 2026 — the strongest growth recorded so far in FY27 and the highest since June 2024.

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-loans-grow-at-fastest-pace-in-nearly-two-years-rising-17-7-by-end-may/articleshow/131677424.cms
 
 
 

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