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Credit growth to industrial sector remained negative during FY21 due to COVID-19 crisis: RBI
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Indian Banking Industry News, Banking Industry, Banking Analysis, Banking Sector, Banking Companies in India
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Personal Loans Recorded 13 5% YOY Growth In March 2021 Says RBI
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Credit growth to industry remained in negative zone during 2020-21: RBI
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Bank Credit Grows at 5.4 per cent in September Quarter, Says RBI
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Bank credit growth on a year-on-year basis stood at 5.4 per cent in September quarter of the current fiscal year compared to 5.7 per cent growth in the previous quarter, RBI data showed. Credit growth for metropolitan branches, which have major share in bank credit, decelerated to 3.3 per cent year-on-year in September 2020 quarter as compared to 4.7 per cent in April-June. It, however, improved for the bank branches in rural, semi-urban and urban areas, according to the data released by the Reserve Bank of India (RBI). RBI on Friday released Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), September 2020.