competition wizard magazine published this article page no229
And
it is not a surprise that deposit penetration increased to 60.8 per cent of GDP
in FY07 from 35.6 per cent in FY97 while credit intensity more than doubled to
45.0 per cent of GDP in FY07 from 19.6 per cent in FY97. Over the next 10 years
the deposit and credit ratios with respect to GDP rose further to 71.2 per cent
and 51.9 per cent respectively as of FY17 despite considerable economic and
financial market volatility ever since the 2008 Global Financial Crisis. competition wizard magazine
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