In FY23, scheduled commercial banks registered a credit growth of __ per cent, driven mainly by growth in personal loans and credit to the services sector and agriculture and allied activities.
(a) 5.4%
(b) 9.7%
(c) 12.6%
(d) 15.4%
Ans.(d)
Sol. Scheduled commercial banks (SCBs) reported a robust credit growth of 15.4% in FY23 compared to 9.7% in FY22.