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RBI data shows rise in bank credit by 5.5 per cent, deposits by 11.1 per cent

Nidhi Jani 0 1306 Article rating: 4.5

It further showed that, on a YoY basis, non-food bank credit growth stood at 6.7 per cent in June 2020, approximately the same as in May 2020 but lower than June 2019, where it stood at 11.1 per cent. Credit growth to agriculture and allied activities grew by 2.4 per cent in June, compared to higher growth of 8.7 per cent in the corresponding month of 2019.

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