MUMBAI, India, Feb. 28 -- Reserve Bank of India issued the following press release:
Data on sectoral deployment of bank credit for the month of January 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 January 24, 20253 grew at 12.5 per cent (a three-month high) as compared to 16.2 per cent for the corresponding fortnight of the previous year (January 26, 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 12.2 ...