Bank loans pick up at almost double the pace as last year

The latest assessment of the economy by RBI economists acknowledges the pick up in bank credit which could aid economic recovery. " Bank credit has gathered pace and the job market is gathering steam. There is an acceleration in the travel and hospitality sectors. The construction and real estate sector have also registered a pick-up" the state of the economy published in the latest monthly bulletin said.

from Banking/Finance-Industry-Economic Times https://ift.tt/wt7Eg5Y