As on Jun. 22, 2007, the credit paid out by scheduled commercial banks arose 24.6% (Rs 3,746.74 billion) on a year-on-year basis.

The Reserve Bank Of India (RBI) in its weekly statistical supplement of Jul. 6, 2007 reported that the disbursals as on this date were Rs 18,958.01 billion.

In the corresponding period of 2005-2006, the bank credit rose 31%. Therefore, the development in credit abridged for the week ended Jun. 22, 2007, entailing that RBI’s decision of lessening the monetary policy has produced worthy outcomes.

The food sector credit augmented by Rs 26.58 billion as on Jun. 22, 2007 over Jun. 23, 2006. Out of the total disbursals, a sum of Rs 439.56 billion was apportioned to the food sector. The balance sum of Rs 18,518.45 billion was allocated to the non-food segment.

As on Jun. 22, 2007, the credit-deposit ratio was 71.05%, whereas the cash-deposit ratio and investment-deposit ratio were 7.36% and 31.53% correspondingly. It is worth noting that in the same period, the combined depositions sprang up 24.5%, matching the rapidity of credit off-takes.