Credit growth slows, still outpaces deposits: RBI data

Credit growth continues to surpass deposit growth, albeit both have slowed, with bank deposits at Rs 222 lakh crore and credit at Rs 179.9 lakh crore as of February 21. Slower deposit growth and tightened lending norms have influenced this trend. Retail loans and NBFC lending have declined, prompting credit rating firms to revise credit growth estimates downward.