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Non-food credit growth remains flat at 12.74%
24-May-2018

Growth in non-food bank credit remained flat at 12.74% year-on-year (y-o-y) during the fortnight ended May 11 from 12.75% in the previous fortnight. According to provisional data released by the Reserve Bank of India, outstanding loans to companies and individuals stood at Rs 84.93 lakh crore on May 11, almost flat compared to 84.86 lakh crore on April 27 and Rs 75.70 lakh crore a year ago. Non-food bank credit had recorded a 6.39% y-o-y growth in the year-ago period. Deposits with the banking system grew 7.61% y-o-y to Rs 113.92 lakh crore as on May 11, against an 8.2% growth for the fortnight ended April 27.

News Source:- https://www.financialexpress.com/industry/non-food-credit-growth-remains-flat-at-12-74/1178996/