Business »  Topic »  Non-food credit growth falls to over 20 month low

Non-food credit growth falls to over 20 month low


Aggregate deposits in the banking system stood at Rs 116.46 lakh crore from Rs 126.80 lakh crore in the previous fortnight, as per the central bank's data.

The credit deposit (CD) ratio for the fortnight fell to 75.25% from the the previous fortnight of 75.84%. (Reuters)

Data released by the Reserve Bank of India (RBI) show that non-food credit growth in the banking system fell to an over 20-month low of 10.15% year-on-year (y-o-y) during the fortnight ended August 30. In the previous fortnight, the outstanding non-food credit grew by 11.58% y-o-y.

The ...


Read the full text financialexpress