CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Bank credit growth accelerated to how many percentages in the quarter that ended June 2022?
A
16.2%
B
13.7%
C
12.8%
D
14.2%
Explanation: 

Detailed explanation-1: -Highlights: Credit growth (y-o-y) accelerated further to 14.2 per cent in June 2022 from 6.0 per cent a year ago and 10.8 per cent a quarter ago.

Detailed explanation-2: -Bank credit growth accelerated to 14.2% in the quarter ended June 2022 from 6% in the same period of the previous year, RBI data showed on Thursday.

Detailed explanation-3: -Highlights: Bank credit growth (y-o-y) continued on its upward trajectory and stood at 14.0 per cent in June 2022 as compared with 10.7 per cent a quarter ago and 5.8 per cent a year ago. Personal loans segment continued to lead the credit expansion and recorded 20.8 per cent growth (y-o-y) in June 2022.

Detailed explanation-4: -Reserve Bank of India: Bank Credit Growth Rose To 17.2% In July-September, Says RBI.

There is 1 question to complete.