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Eco/Invest/Demography

Top 50 corporates reduce debt by Rs 59,600 crore in first half of FY20

As per sectoral deployment data for October, non-food bank credit growth was at just 8.3 per cent, with credit growth to industry segment down 3.4 per cent, and retail loans rising to 17.2 per cent.For the current financial year so far, bank credit has grown by a just 1.7 per cent as opposed to a growth of 6.7 per cent in the corresponding period last year, as per the central bank data.

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