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Loans to agriculture and allied actions continued to carry out nicely, registering an accelerated development of 10.2% in October 2021 as in contrast with 7.2% in October 2020
Non-food credit score development of banks accelerated to six.9% in October as towards 5.2% in the identical month of final 12 months, RBI information confirmed.
Loans to agriculture and allied actions continued to carry out nicely, registering an accelerated development of 10.2% in October 2021 as in contrast with 7.2% in October 2020, in response to the RBI’s Sectoral Deployment of Financial institution Credit score – October 2021 information, launched on Tuesday. The expansion in credit score to trade picked as much as 4.1% in October 2021 from a contraction of 0.7% in October 2020.
Measurement-wise, credit score to medium industries registered a sturdy development of 48.6% in October 2021 as in contrast with 20.8% final 12 months.
Supply- thehindu