The y-o-y growth in scheduled commercial bank (SCB) credit remained stagnant at 12 per cent during the fortnight ended 19 July 2019 as compared to the previous fortnight. The outstanding SCB credit stood at Rs.96.6 trillion. Non-food credit, on a y-o-y basis, increased 11.1 per cent in June same as the year-ago period. Loans to agriculture & allied activities was up by 8.7 per cent in June 2019 as compared with an increase of 6.5 per cent in June 2018. Services sector advances decelerated to 13 per cent in June from 23.3 per cent in the same month of 2018. Personal loans increased by 16.6 per cent in June down from an increase of 17.9 per cent in June 2018. The deposits growth of SCBs improved to 10.6 per cent during the fortnight ended 19 July 2019 from 10.3 per cent in the previous fortnight. The outstanding SCB deposits stood at Rs.126.5 trillion. Read More..