Credit growth visible across sectors: SBI research report

The December quarter witnessed a visible expansion in the credit growth across sectors, State Bank of India (SBI)’s economic research department said in its latest report. The incremental credit-deposit (CD) ratio beginning Q3FY22 is currently at 133, against the incremental CD ratio of just two during H1FY22, the report said.Incremental deposits in the banking system have declined by Rs 2.2 lakh crore over this time period, whereas credit growth has picked up by Rs 3.5 lakh crore. Further