While the gross bank credit to industry has contracted by 1.5 per cent in the current financial year, up to the third week of May, dis-aggregate RBI data points towards a huge decline in gross bank credit deployment in sectors like fertiliser (down 29%), chemicals and chemical products (- 10%) and glass and glassware (7%), Assocham stated.
from Banking/Finance-Industry-Economic Times
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Tuesday 28 July 2020
Few takers for bank loans, says industry body Assocham
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