Credit-to-GDP ratio Current Affairs, GK & News

BIS: India’s bank credit-to-GDP ratio grows 56% in 2020

As per the latest data from Bank for International Settlements (BIS), incremental credit growth has decreased to 59-year low at 5.56% in Financial Year 2021. Key points As per data, bank credit-to-GDP ratio has increased to a five-year high at about 56% in 2020. However, this increase is way behind its peers and is half ..