India’s bank credit growth remains strong despite global banking collapse India’s banking sector has remained relatively resilient in the midst of a global banking collapse. India’s banking sector has been an example of resilience in the face of the global banking collapse. This is largely due to the government’s efforts to provide stimulus packages and other measures to support businesses and individuals. Moreover, the Indian banking sector has seen a sharp rise in digital banking services, which has enabled banks to reduce costs and improve customer experience. This has helped promote financial inclusion in the country and enabled the banking sector to reach out to more unbanked people. In addition, the government has taken several steps to promote financial literacy and financial inclusion, which has further helped the banking sector to grow and remain resilient
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