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Our Bureau

Mumbai , Aug. 4

Gross bank credit increased by Rs 7,596 crore and stood at Rs 15,49,585 crore for the fortnight ended July 21, according to Reserve Bank of India's Weekly Statistical Supplement. The gross bank vredit was inclusive of food credit, which decreased by Rs 1,798 crore to touch Rs 36,056 crore and non-food credit, which has increased by Rs 9,394 crore to Rs 15,13,529 crore. Total accommodation provided by scheduled commercial banks to the commercial sector in the form of bank credit and investment in shares, debentures, bonds and commercial paper was at Rs 15,94,068 crore.

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