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Sunday, Jun 26, 2005

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Bank credit rises by Rs 6,318 crore

Our Bureau

Mumbai , June 25

GROSS bank credit increased by Rs 6,318 crore for the fortnight ended June 10 to touch Rs 11,50,189 crore, according to Reserve Bank of India's Weekly Statistical Supplement.

This is inclusive of food credit, which increased by Rs 22 crore to touch Rs 45,749 crore and non-food credit, which went up by Rs 6,117 crore to touch Rs 11,04,441 crore.

Total accommodation provided by scheduled commercial banks to the commercial sector in the form of bank credit and investments in shares, debentures, bonds and commercial paper increased by Rs 50,995 crore to touch Rs 11,95,276 crore.

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