The outstanding loans of programmed commercial banks are increasing steadily, according to the Ministry of Finance
The finance ministry noted in a final update that the expected commercial bank credit outstanding has steadily increased in fiscal year 2021-22.
Retail credit in particular has increased significantly, suggesting strengthening consumption in the economy. According to CIBIL, survey volumes increased by 54% between February and October 2021, as economic activity accelerated.
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First published: Mon Nov 15, 2021. 3:22 PM IST