‘Bank credit to non-food sectors grew 6.2% in July’
The Hindu
Industry credit growth was muted at 1%, RBI data showed
The non-food credit from banks grew 6.2% in July 2021, compared with 6.4% growth a year earlier, RBI data showed. Advances to agriculture and allied activities continued to perform well, registering an accelerated growth of 12.5 against 5.4%, according to RBI data on Sectoral Deployment of Bank Credit — July 2021, released on Tuesday. Growth in credit to industry remained subdued at 1% compared with 0.9% . Credit to medium-sized industries registered a robust growth of 71.6%, compared with a contraction of 1.8%. Credit to micro and small industries accelerated to 7.9% from a contraction of 1.8%, while credit to large industries contracted 2.9% from a 1.4% growth. Growth in credit to the services sector slowed to 2.7% from 12.2%, mainly due to deceleration in credit to NBFCs and commercial real estate.More Related News
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.