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Credit disbursal by Scheduled Commercial Banks (SCBs) stood at ₹164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.
- a)10.5
- b)15.2
- c)18.5
- d)20.2
- e)25
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 l...
Credit Disbursal by Scheduled Commercial Banks (SCBs):
- Credit disbursal by Scheduled Commercial Banks (SCBs) reached ₹164.3 lakh crore in FY24.
- This marks a growth of 20.2 percent at the end of March 2024.
- The significant growth in credit disbursal reflects the expansion of lending activities by SCBs to various sectors of the economy.
- Increased credit availability supports economic activities and stimulates growth in industries, businesses, and agriculture.
Factors Contributing to Credit Growth:
- Improved economic conditions and increased demand for credit from various sectors.
- Favorable monetary policies and measures by the Reserve Bank of India (RBI) to enhance liquidity in the banking system.
- Enhanced credit outreach programs and financial inclusion initiatives by banks.
- Focus on providing credit to priority sectors such as agriculture, small and medium enterprises (SMEs), and housing.
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Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 l...
Understanding Credit Disbursal Growth
Credit disbursal by Scheduled Commercial Banks (SCBs) is a key indicator of the banking sector's performance and economic health. The figure of 164.3 lakh crore at the end of March 2024 signifies a significant financial activity within the banking system.
Growth Rate Analysis
The reported growth rate of credit disbursal at 164.3 lakh crore is crucial in understanding how the banking sector is responding to the economic environment.
Reasons Behind the Growth
- Increased Demand for Loans: The economy may have experienced heightened demand for credit due to recovery from economic downturns, leading to a surge in personal, business, and commercial loans.
- Government Initiatives: Policies aimed at boosting lending, such as interest rate cuts or incentive schemes for specific sectors, can drive growth in credit disbursal.
- Consumer Confidence: As consumer confidence grows, individuals and businesses are more likely to take loans for investments and expenditures.
Conclusion
The reported growth of 20.2 percent in credit disbursal indicates a robust performance by Scheduled Commercial Banks, reflecting positive trends in the economy. This growth can be attributed to various factors, including increased loan demand, supportive government policies, and improving consumer confidence. Understanding these dynamics is essential for stakeholders in the banking and finance sector, as they provide insights into economic stability and future growth potential.
Credit disbursal by Scheduled Commercial Banks (SCBs) is a key indicator of the banking sector's performance and economic health. The figure of 164.3 lakh crore at the end of March 2024 signifies a significant financial activity within the banking system.
Growth Rate Analysis
The reported growth rate of credit disbursal at 164.3 lakh crore is crucial in understanding how the banking sector is responding to the economic environment.
Reasons Behind the Growth
- Increased Demand for Loans: The economy may have experienced heightened demand for credit due to recovery from economic downturns, leading to a surge in personal, business, and commercial loans.
- Government Initiatives: Policies aimed at boosting lending, such as interest rate cuts or incentive schemes for specific sectors, can drive growth in credit disbursal.
- Consumer Confidence: As consumer confidence grows, individuals and businesses are more likely to take loans for investments and expenditures.
Conclusion
The reported growth of 20.2 percent in credit disbursal indicates a robust performance by Scheduled Commercial Banks, reflecting positive trends in the economy. This growth can be attributed to various factors, including increased loan demand, supportive government policies, and improving consumer confidence. Understanding these dynamics is essential for stakeholders in the banking and finance sector, as they provide insights into economic stability and future growth potential.
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Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer?.
Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer?.
Solutions for Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams.
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Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Credit disbursal by Scheduled Commercial Banks (SCBs) stood at 164.3 lakh crore in FY24, growing by ______ percent at the end of March 2024.a)10.5b)15.2c)18.5d)20.2e)25Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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