InvestorQ : Is it true that the bank credit in the latest month has improved to a better level?
Dilmini Mercia made post

Is it true that the bank credit in the latest month has improved to a better level?

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Dawn Cherian answered.
2 weeks ago
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That is absolutely true and this data pertains to the first week of November. This is in contrast to the second half of October when bank credit to commercial sector actually shrank. But November saw the impact of the festive season as banks disbursed Rs.65,600 crore of credit in the fortnight ended November 6.

Normally, bank credit is disclosed each week and the growth is presented on a yoy basis. For the week ending 06-Nov, yoy growth was up 5.8% as against just 5.2% in the 23-Oct week. This was disclosed in the data put out by RBI.

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