New Delhi
Bank lending in India grew sharply, reaching Rs 213.6 lakh crore by March 31, marking a 16.1% rise compared to last year, according to a report. Growth was driven by strong retail loans, MSME financing, and corporate borrowing. The credit–deposit ratio stayed high at 81.4%, showing banks are lending more than before. Total deposits also increased to Rs 262.3 lakh crore. Experts said demand for loans remains strong, especially in small businesses and consumer segments like vehicles and gold loans, supporting overall banking activity and economic growth.