According to data released by the Reserve Bank of India (RBI), non-food credit year-on-year growth in scheduled commercial banks dropped to 11.8% in November 2024, compared to 16.5%.

The industry also saw a loan growth of 8.1% in November 2024 compared to the figure of 5.5%, the year before.

According to RBI data, advances to medium-sized businesses increased by 20% in November 2024 compared to 12% in the same month the previous year.

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