Bank credit to commercial sector grows by 7.34 pc in March-Nov

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SummaryBank credit to the commercial sector grew by 7.34 per cent to Rs 53.23 lakh crore in eight months.

Bank credit to the commercial sector grew by 7.34 per cent to Rs 53.23 lakh crore in eight months ending November 30, according to the Reserve Bank of India data released today.

Bank credit to commercial sector ending March 31 stood at Rs 49.59 lakh crore, it showed.

Banks' net credit to government sector grew by 10 per cent to Rs 26.06 lakh crore in the eight months ending November 30, according to RBI data.

The banking sector's net non-monetary liabilities grew by 4 per cent to Rs 15.27 lakh crore in the same period.

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