![]() ![]() Again, much of this has been in the form of retail loans because banks claim there is little demand from companies. ![]() ![]() The increase in non-food credit was flat at 0.1% between March 26 and September even over a longer period in the year to September 24, the growth is modest at 6.8%. The government's concern is understandable, loan growth has been all but sluggish. Even if banks fear that some of this may not come back-the government offers only a partial guarantee-they have been fairly enthusiastic about the ELCGS because the government has backed the scheme.įinance minister Nirmala Sitharaman is scheduled to meet the heads of banks next week, ostensibly to nudge them into lending.
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