BANGALORE (Reuters) - Growth in advances by Indian banks was better than last year, RBI deputy governor V. Leeladhar said on Tuesday when asked whether high interest rates were hurting loan growth.
The central bank raised its key lending rate to a seven-year high of 9 percent in July to rein in double-digit inflation.
Loans by Indian banks as at Aug 1 were 25.8 percent higher than a year earlier, central bank data showed.
Source : http://www.reuters.com/
