Bank credit to medium-sized firms grows 21% in February, shows data

The outstanding loans to large corporations continue to shrink as many of them have repaid existing loans

Bank credit to medium-sized firms rose 21 per cent YoY in February even as a contraction (-1.5 per cent) in loans to large industrial units dragged credit disbursement to industry.
 
In January this year, loans to large units were in the contraction zone (-2.5 per cent), while for mid-sized entities it was 19.1 per cent.
 
Credit to micro and small enterprises also inched up to 1.5 per cent in February, from 0.9 per cent in January, according to the Reserve Bank of India (RBI) data.
 
Bankers said there is pick-up in credit due to a host of