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Exchanges in Shanghai, Hong Kong, Tokyo and Seoul finished up to 2% lower following a rout on Wall Street. | Photo Credit: PTI

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Non-food credit growth slows to 6.8% in May

The ongoing economic contraction is now being confirmed by credit indicators.

PTI reports: "The non-food credit growth decelerated to 6.8 per cent year-on-year in May from 11.4 per cent in the same period of last year, RBI data showed.

The outstanding incremental non-food credit stood at Rs 90.3 lakh crore as of May 22 ...

Read the full text thehindu