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Bank credit to industry grows at robust 17.5% in May: RBI
Indian banks witnessed a significant surge in credit to industries, with a robust 17.5% annual growth in May. This expansion was driven by accelerated lending to large corporations and sustained healthy growth in the Micro and Small Enterprises (MSE) sector. Advances to agriculture and allied activities also saw a strong uptick. Personal loans and the services sector also recorded impressive growth rates, indicating a vibrant economic landscape.
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economictimes.indiatimes.com
Bank credit to industry grows at robust 17.5% in May: RBI
Indian banks witnessed a significant surge in credit to industries, with a robust 17.5% annual growth in May. This expansion was driven by accelerated lending to large…
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Canara Bank, Indian Bank credit growth outpaces deposits
Leading public sector banks, including Canara Bank and Indian Bank, are experiencing a sustained trend where their loan disbursements are expanding at a quicker pace than customer…
