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Banks non-food credit slows to 8.8% in Nov

Advances to industry rose by 5% in the reporting month compared with the increase of 7.3% last year

Press Trust of India  |  Mumbai 

Banks non-food credit slows to 8.8% in Nov

of scheduled commercial slowed down to 8.8% in November as against an increase of 10.5% in the same period last year, RBI data showed.

However, the credit during the month was slightly higher than 8.3% registered in October.

Advances to industry rose by 5% in the reporting month compared with the increase of 7.3% last year.



"Deceleration in credit to industry was observed in all major sub-sectors barring chemical and chemical products and basic metal and metal products," RBI said in a release here today.

RBI collects the data on sectoral deployment of bank credit on a monthly basis from select 46 scheduled commercial banks, accounting for about 95% of the total deployed by all scheduled commercial

to agriculture and allied activities slowed by 11.8% compared with the increase of 19.7% a year ago.

Personal segment registered a of 18% in the month, up from the increase of 15.8% last year.

Advances to the services sector were up by 6.8% compared with the increase of 7.9% in the year-ago period.

First Published: Thu, December 31 2015. 23:42 IST
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