What is credit-deposit ratio and how is Bihar grappling with it?
The credit-deposit (CD) ratio is the percentage of a bank's deposits lent as loans. A higher ratio means more credit to businesses and the public, creating jobs and boosting economic growth. However, Bihar's CD ratio (over 50%) is below the national average (over 75%), with Prashant Kishor raising concerns that funds from Bihar's banks are being transferred to other states.