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When the RBI had attempted to clean up bank balance sheets, push pushed for recognition of bad assets and put weak banks under the prompt corrective action (PCA) framework, there resulted a sharp slowdown in bank credit growth(Aniruddha Chowdhury/Mint)

Credit growth doesn’t reflect the health of the banking system

By Ila Patnaik
UPDATED ON MAY 05, 2019 10:27 AM IST
The overall picture emerging from the latest data on bank credit highlights the lack of fundamental reform in the banking sector
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