Bank credit – October sectoral deployment: 1.2% MoM accretion pushes YTD growth in positive territory
Bank credit sectoral deployment data for Oct’21 suggests MoM accretion with broadbased growth across sub-segments. Non-food credit at Rs97.6trn was up 1.2% MoM / 6.7% YoY and, consequently, YTD-FY22 growth is in positive territory at 1% vs 0.2% decline till Sep’21.