Non food credit growth of scheduled commercial banks slows down
Q. Non food credit growth of scheduled CoBs slowed from 10.2% in August 2014 to which value in August 2015?- Published on 02 Oct 15a. 8.1%
b. 8.2%
c. 8.4%
d. 8.5%
ANSWER: 8.5%
Non-food credit growth of scheduled commercial banks slowed to 8.4 percent in August from 10.2 percent in the same period last year, RBI data proved. Personal loans increased 17.3 percent in August, up from a rise of 13.4 percent in August 2014. Credit to agriculture and allied activities rose by 12.1 percent in August compared with an increase of 18.8 percent in the previous fiscal. Loans to industry grew 5 percent in the month, up from 7.8 percent.
