Banks’ non-food credit shrinks

By: |
Mumbai | 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.

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.

For Updates Check Banking News; follow us on Facebook and Twitter

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Bank operations may be hit by unions’ strike on Thursday
2Bank credit growth slows to 5.8 per cent in September quarter: RBI data
3Lakshmi Vilas Bank’s moratorium ends on 27 November; customers will shift to DBS Bank