Growth in bank credit to NBFCs declines to 6.4%
Business Standard|December 02, 2024
The growth in bank credit to non-banking financial companies (NBFCs) declined sharply to 6.4 per cent in October compared to 18.3 per cent in the year-ago period, dragging down the growth of overall credit to the services sector, according to the Reserve Bank of India's (RBI's) sectoral deployment of credit data.
AATHIRA VARIER
Growth in bank credit to NBFCs declines to 6.4%

Overall growth in credit offtake by the services sector dropped to 14.1 per cent Y-oY in October compared to 20.4 per cent, largely due to reduced growth in credit to NBFCs and trade segment.

The outstanding bank credit to NBFCs stood at ₹15.36 trillion in October 2024 compared to ₹14.44 trillion in the same month last year.

It was 15.29 trillion in September 2024 and 15.48 trillion in May this year.

هذه القصة مأخوذة من طبعة December 02, 2024 من Business Standard.

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هذه القصة مأخوذة من طبعة December 02, 2024 من Business Standard.

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