Dull Demand: Drop in commercial papers issuances points to slowing credit growth at banks

According to data released by the Reserve Bank of India (RBI), CP issuances were to the tune of Rs 89,576 crore in April 2021, lower than Rs 1.33 lakh crore in April 2020. Interestingly, April 2020 was a month of nationwide lockdown, in contrast to the smaller lockdowns currently in effect across states.

from Banking & Finance – The Financial Express https://ift.tt/2RuWulV