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CareEdge Research Report
Non-food credit rose by 7.1% YoY in November 2021 as against a rise of 5.9% growth in November 2020, expanding by 119 basis points YoY and 18 bps month-on-month due to a pickup in business activities and festive season.
Additionally, various banks have also conducted credit outreach program in October and November 2021, resulting in pushing the credit growth. The growth was primarily driven by the retail (11.6%), agriculture (10.4%), and micro small and medium enterprises (SMEs), however, large industry growth remained flat, while services segment growth decelerated in November 2021.
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