Credit-deposit ratio of banks high at 73.4%

It’s not just loans to the telecom sector, of course, that is driving credit growth; with the economy growing at a scorching pace, bank lending, too, has picked up. Moreover, unlike during the early part of the recovery, when most of the growth had been in non-bank sources of funding, such as the equity markets, the primary markets have been more subdued during the last few months.