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Credit growth to industry nil in Sept, banks pick services sector for loans
Business Standard

Bank lending expanded by over Rs one trillion in Sept: Soumya Kanti Ghosh

Overall credit that month was Rs 71,500 cr from a negative Rs 36,000 cr in August. Hence, effectively credit jumped by Rs 1.07 trillion in Sept, says SBI's chief economic advisor

Topics
Indian Banks | Reserve Bank of India | Soumya Kanti Ghosh

BS Reporter  |  Mumbai 



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Illustration: Binay Sinha

Credit growth to industry was 'nil' in September, but stepped up their lending to the micro-small and medium enterprises, while depending largely upon services for their loan book growth, according to data released by the (RBI) data showed on Thursday.

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First Published: Fri, October 30 2020. 16:24 IST

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