Bank credit growth outstrips that of deposits at year-end
Lending in the last fortnight of 2024 outpaced deposit growth, with credit growing 11.16% year-on-year compared to deposits rising by 9.8%. Banks are facing challenges in raising deposits despite increased rates, due to competition from higher-return investments like stocks and mutual funds.
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The cities with the best money management skills, according to WalletHub
Residents in these cities have high credit scores, low income-to-debt ratios, and rarely m…
