News: Bank credit up by Rs 22,706 cr

(BL 01/04/2006) Mumbai - Gross bank credit increased by Rs 22,706 crore to touch Rs 14,42,591 crore for the fortnight ended March 17, according to Reserve Bank of India's Weekly Statistical Supplement.

This is inclusive of food credit, which increased by Rs 377 crore to touch Rs 41,825 crore, and non-food credit, which increased by Rs 22,329 crore to touch Rs 14,00,766 crore. Total accommodation provided by scheduled commercial banks to the commercial sector in the form of bank credit and investment in shares, debentures, bonds and commercial paper was at Rs 14,82,018 crore.