Urban consumption likely to be hit by slowdown in bank credit growth: Crisil Report

New Delhi [India], November 9 (ANI): The recent slowdown in the bank credit growth especially in the personal loans is likely to impact the consumption in the urban areas, says a report by Crisil.

The report indicated that the delayed impact of past interest rate hikes by the Reserve Bank of India (RBI) is beginning to show up in the broader economy, with bank credit growth decelerating over the last three months. This sl