MUMBAI, India, March 27 -- Reserve Bank of India issued the following press release:
Data on sectoral deployment of bank credit for the month of February 20251 collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II.
On a year-on-year (y-o-y) basis, non-food bank credit2 as on the fortnight ended February 21, 20253 grew at 12.0 per cent as compared to 16.6 per cent for the corresponding fortnight of the previous year (February 23, 2024).
Highlights of the sectoral deployment of bank credit3 are given below:
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Credit to agriculture and allied activities registered a growth of 11.4 per cent (y-o-y) as...