 "rupee")
In the run-up to the festive season, credit off-take across all sectors — farming, industry, services and retail — was robust in August 2022 compared to the same period a year ago.
The pace of retail credit — demand from households and individuals — was 19.5 per cent year-on-year (YoY) in August 2022.
The figure was 12.8 per cent in August 2021. Reserve Bank of India (RBI) data showed that credit to industry — small, medium and large — registered 11.4 per cent growth against a mere 1.5 per cent growth in August 2021.
