Bank Credit Growth Slows to 11.8% in November; Advances to Medium Industry Surge by 20%
The growth in non-food credit of scheduled commercial banks slowed to 11.8% year-on-year (y-o-y) in November 2024, compared to 16.5% in the same period last year, as per data from the Reserve Bank of India (RBI). Overall bank credit, which includes food and non-food credit, expanded by 11.8%, down from 16.3% in November 2023. Notably,…
