 "Reserve Bank of India | File Photo")
The Reserve Bank of India (RBI) on Tuesday released a new statistical table, showing healthy growth to the commercial sector.
According to the table, the year-on-year (YoY) growth in financial resources from banks to the commercial sector grew at 15.6 per cent for the fortnight ended November 9. The outstanding of resources mobilised stood at Rs 97.3 trillion. Out of these, non-food loan outstanding, the traditional metric of credit growth, was Rs 90.5 trillion, registering a growth of 14.6 per cent YoY.
The table, which measures ‘adjusted non-food bank credit’, was used internally earlier, but will be standard feature from now onwards.
