The outstanding loans of programmed commercial banks are increasing steadily, according to the Ministry of Finance

The finance ministry noted in a final update that the expected commercial bank credit outstanding has steadily increased in fiscal year 2021-22.

Retail credit in particular has increased significantly, suggesting strengthening consumption in the economy. According to CIBIL, survey volumes increased by 54% between February and October 2021, as economic activity accelerated.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First published: Mon Nov 15, 2021. 3:22 PM IST

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