1. Banks’ non-food credit shrinks

Banks’ non-food credit shrinks

Indian banks’ loan book shrank by Rs 2.45 lakh crore in the fortnight ended April 17, indicating that loan repayments were high while disbursals lagged, RBI data showed.

By: | Mumbai | Published: April 30, 2015 4:13 AM

Indian banks’ loan book shrank by Rs 2.45 lakh crore in the fortnight ended April 17, indicating that loan repayments were high while disbursals lagged, RBI data showed, reports fe Bureau in Mumbai. The previous fortnight had seen a jump in loans disbursed owing to aggressive lending by banks in order to boost balance sheets in the run-up to the financial year end.

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