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19% Credit vs 10% GDP: Prof Flags Inflation>Rupee Risk, Urges RBI To Rein In Bank Credit

19% Credit vs 10% GDP: Prof Flags Inflation>Rupee Risk, Urges RBI To Rein In Bank Credit

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Bank credit growth has reached 19.1%, significantly exceeding nominal GDP growth of approximately 10-11%. ISB professor Prasanna Tantri has warned that the widening gap could fuel inflationary pressures.

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