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Employment News Of The Month December 2019

BIHAR POLICE 1722 CONSTABLE DRIVER RECRUITMENT 2019

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Bank credit grows 13.2 percent in 2019 financial year

Bank credit grew by 13.2% in the financial year 2018-19 as compared to 10.3% in the previous financial year, mainly aided by loans to services and retail sector.
Deposit growth also gained momentum, growing by 10% as compared to 6.7% a year ago. Banks typically tend to push for more loan disbursement and also try to get more deposits ahead of the end of a financial year to shore up their balance sheet and meet year-end targets.


RBI Report:
The Reserve Bank of India’s (RBI) data on deployment of gross credit across different sectors showed healthy credit growth in the services sector followed by retail sector. 
Credit growth in services sector till the middle of February was 23.7% and in retail sector it was 16.7%. Credit growth in the industry sector was 5.6%. 
Banks have also benefited from the liquidity crunch that non-banking financial companies are facing following the IL&FS crisis. NBFCs have slowed down their loan growth since their cost of funds increased substantially after September-October. This is particularly true for retail loans, where NBFCs are a major player.

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