Non-food bank loan increased by 16.7% in January, driven mostly by the services sector: RBI
According to information provided by the Reserve Bank of India, the growth of non-food bank loan in January was 16.7%, a significant increase above the 8.3% growth seen in the same month last year. According to data on Sectoral Deployment of Bank Credit in January, credit growth to agricultural and related sectors increased to 14.4%…