You are here: Home » Economy & Policy » News
Business Standard

Commercial Credit Growth In & #8217;02-03 At A Six-Year High

Our City Editor  |  BUSINESS STANDARD 

RECOVERY IN THE AIR: Retail loans act as the main driver

A recovery is in the air, if the pick-up in non-food credit is anything to go by.

The growth of non-food credit in the first 11 months of 2002-2003 at Rs 1,29,162 crore is the highest in any single year since 1996-97

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, April 02 2003. 00:00 IST