The Reserve Bank of India (RBI) on Tuesday said the credit growth to the real economy has shown healthy growth this year, especially in the last few months.

“The adjusted non-food bank credit (ANBC), which gives the flow of financial resources from the scheduled commercial banks to the commercial sector, touched 15.9 percent during the fortnight ended October 26, 2018 (year-on-year) and sustained the healthy growth at 15.6 percent during the fortnight ended November 9, 2018,” RBI said in a statement.

According to the RBI, the y-o-y growth rate of loans and advances by non-banking finance companies (NBFCs) clocked 17.9 percent for the quarter ended June 2018 and 20.1 percent for the quarter ended September 2018, signifying steady growth rate in the overall flow of credit.

A liquidity crunch had hit NBFCs in September and October after IL&FS, a major infrastructure funding company, defaulted on a series of debt obligations.

First Published:Nov 27, 2018 8:21 PM IST