Non-food Bank Credit Grew 9.7% In March, Personal Loans Rose 12.4%: RBI

Non-food bank credit grew 9.7 per cent in March 2022 as compared to a rise of 4.5 per cent reported a year ago, according to RBI. Loans to agriculture and allied activities continued to perform well, registering a growth of 9.9 per cent in the reporting month. It was 10.5 per cent in the year-ago period, according to the RBI’s Sectoral Deployment of Bank Credit March 2022 data released on Friday. Growth in credit to industry picked up to 7.1 per cent in March 2022 from a contraction of 0.4…

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Non-Food Bank Credit Grows 5.9 Per Cent In June: RBI Data

Growth in loans to the services sector decelerated to 2.9 per cent in the reporting month from 10.7 per cent in June 2020, mainly due to contraction/deceleration in credit growth to commercial real estate, NBFCs and tourism, hotels and restaurants. Non-food bank credit growth stood at 5.9 per cent in June compared to 6 per cent in the year-ago period, according to RBI data released on Friday. Credit to agriculture and allied activities continued to perform well, registering an accelerated growth of 11.4 per cent in the reporting month compared…

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