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Bank loans up 9.2% last year as economy revives

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Banks ended the calendar year with higher credit growth of 9.2 per cent as of December 31 on a year-on-year (y-o-y) basis compared to 6.6 per cent growth a year ago. Outstanding loans amounted to Rs 116.8 lakh crore. Significantly, loans rose Rs 3.69 lakh crore during the last fortnight of the calendar year ending December, according to the latest data released by the Reserve Bank of India.
 
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