‘Cut in lending rates insufficient to boost credit growth’
   Date :19-Feb-2020

Cut in lending rates insu
 
 
THE sharp reduction in lending rates is insufficient to prop up credit growth which is set to fall in July this year, an American bro￾kerage said on Tuesday. Deterioration in factory production and real wage growth are the impeding factors limiting the growth in credit flow, Bank of America Securities said in a statement.