Credit growth- RBI data

Credit growth to the services sector accelerated to 20.0 per cent in September 2022 from just 1.2 per cent a year ago.
It was mainly due to improved credit off-take to NBFCs and trade sectors, RBI said.
-Bankers said along with higher volumes in economic activity, the rise in input costs due to inflation also pushed business establishments (industry as well as services) to draw on bank credit lines.
-Credit to agriculture and allied activities has remained robust at 13.4 per cent YoY in September 2022 compared to 10.6 per cent a year ago.

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