The credit paid out by listed commercial banking institutions arose 23.4% (Rs 3,654.48 billion) on a yearly basis on Aug. 3, 2007 that is under the growth of combined bank deposits of 24.3%.

In its weekly statistical supplement of Aug 10, 2007, Reserve bank Of India reported that the total disbursals as on this date stood at Rs 19,301.03 billion.

Bank credit matured 31.1% in the matching phase of 2005-2006. Therefore, the credit growth came down surprisingly for the week ended Aug. 3, 2007, entailing that RBI’s stand of constraining the monetary policy produced desirable solutions.

The food sector credit boosted Rs 50.34 billion as on Aug. 03, 2007 as against Aug.4, 2006. Out of the total payment, an amount of Rs 413.22 billion was apportioned to the food sector. The balance sum of Rs 18,887.81 billion was allocated to the non-food sector.

As on Aug. 3, 2007, the credit-deposit ratio was 69.71%, whereas the cash-deposit ratio and investment-deposit ratio were 9.22% and 31.31% correspondingly.