Banks credit flow to commercial sector has gone up by 15.6 per cent on year-on-year basis, registering highest growth since demonetisation. According to the fortnightly data released by the Reserve Bank of India (RBI), the adjusted non-food bank credit stood at Rs 97.32 lakh crore as on November 9, 2018 as compared to Rs 84.22 lakh crore reported in the year-ago fortnight.
Adjusted non-food bank credit consists of non-food bank credit and total non-statutory liquidity ratio (SLR) investments of banks in commercial papers, shares and bonds/debentures and as per the report, the non-food credit surged 15.12 percent to Rs 90.51 lakh crore during the reported fortnight, while the total non-SLR investments was up by 22.26 percent to Rs 6.81 lakh crore as against Rs 5.57 lakh crore.
Meanwhile, bank credit was lowest during the November 2016 to March 2017 period, following the government's move to demonetise high-value currency notes on November 8, 2016.