RBI reveals: Weak investment activity, stalled projects, grim profit outlook leads to lowest credit growth since 1994
Non-food credit sector-wise By Our Representative In an indirect admission that India's economy has been badly impacted by demonetisation and mismanagement, the Reserve Bank of India (RBI) has said that the growth in non-food credit -- extended by scheduled commercial banks to all other customers except the Food Corporation of India -- "reached a low of 5.8 per cent at end-March 2017, the lowest since 1994-95", even as underlining, the deceleration has continued thereafter.