Retail and Wholesale trades witness 17% spike in bank credit: RBI
The YoY credit growth to retail and wholesale trade in July last year was 14.2 per cent from Rs 6.30 lakh crore deployed in July 2021.
The YoY credit growth to retail and wholesale trade in July last year was 14.2 per cent from Rs 6.30 lakh crore deployed in July 2021.
The RBI on Thursday released the 'Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), December 2020'.
The deceleration in non-food credit growth was broad-based, with credit offtake slowing down in all the major sectors.
It had earlier estimated the banking industry's NPAs to surge to 11.5 per cent of the overall assets in FY21.
As per the data, in the fortnight ended July 5, 2019, bank loans stood at Rs 96.97 lakh crore and deposits at Rs 126.75 lakh crore.
Banks’ credit grew by 12.64 per cent year-on-year to Rs 85,51,099 crore in the fortnight ended May 11, 2018, according…
In a major bid to boost flagging economic growth and increase bank credit flow, the Union Cabinet on Tuesday accorded…
