As you rightly pointed out, it is because the extraordinary stimulus has led to system liquidity surplus, resulting in lower market borrowing rates, larger and higher rated corporates are sitting on huge piles of cash. They have repaid their borrowings in the market. So the credit growth of the industrial sector has been driven by mid corporates and some refinancing.
from Banking/Finance-Industry-Economic Times https://ift.tt/3BnlBst
Cricket Special
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*एक महिला रोज बैंक आती थी और बिना किसी काम के बैठी रहती थी..*
**मैनेजर ने पूछा*: आपका काम क्या है? तुम रोज बैंक क्यों आते हो?*
**महिला*: मुझे घर पर कोई ...
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