Tuesday, November 30, 2021

Non-food bank credit grows at 6.9% in Oct: RBI data

Advances to micro and small industries accelerated to 11.9 % in October 2021 from 0.7 % a year ago. Credit growth to large industries stood at 0.5 % in October 2021 as compared to a contraction of 1.8 % a year ago, the data showed. Slowdown in credit growth of services continued, as it decelerated to 2.9 % in October from 8.6 % a year ago.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/non-food-bank-credit-grows-at-6-9-in-oct-rbi-data/articleshow/88010198.cms

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