Non-food bank credit growth decelerates to 5.6% in Oct

Non-food credit growth decelerated to 5.6 per cent in October 2020 compared to a growth of 8.3 per cent in the same month of the previous year, RBI data showed. Growth in loans to agriculture and allied activities accelerated to 7.4 per cent in the reporting month from a growth of 7.1 per cent last year, the data on Sectoral Deployment of Bank Credit - September 2020, released by the Reserve Bank of India, showed.

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