Financial Daily from THE HINDU group of publications
Sunday, Jul 25, 2004
Financial Daily from THE HINDU group of publications Sunday, Jul 25, 2004 |
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Money & Banking
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Credit Market Bank credit up Rs 4,904 cr Our Bureau
Mumbai , July 24 BANK credit moved up by Rs 4,904 crore to touch Rs 82,312 crore for the fortnight ended July 9, 2004. Food credit grew by Rs 396 crore to touch Rs 43,457 crore, while non-food credit jumped by Rs 4,508 crore to Rs 8,38,854 crore. Accommodation provided by scheduled commercial banks to the commercial sector in the form of bank credit and investments in shares, debentures, bonds or commercial papers was at Rs 9,26,164 crore for the fortnight ended July 9. M3 money supply growth rate was 15.30 per cent in the year till July 9, compared to 14.8 per cent the previous fortnight. The Central and State Governments had loans and advances worth Rs 4,981 crore outstanding with the RBI on July 16 as per the weekly statistical supplement.
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