Bank credit up 6.6%

 "The total flow of resources from commercial banks to commercial setor increased 5.7% (Rs 65,940 crore) as compared to an increase of 3.6% (Rs 31,758 crore)," the central bank said, adding the year-on-year growth in resource flow was also higher at 27.4%.

However, the scheduled commercial banks' investments in bonds/debentures/shares of public sector undertakings and private corporate sector commercial paper declined 3.4% (Rs 3,156 crore) up to July 8, 2005 as compared to a decline of 2.8% (Rs 2,514 crore).