Large corporates going back to banks amidst signs of capex pick up

Credit growth to industry including small and medium sized firms picked up to 4.1 % in October 2021 from a contraction of 0.7 % in October 2020. Size-wise, credit to medium industries rose 48.6 % in October 2021 as compared to 20.8 % last year. Credit to micro and small industries accelerated to 11.9 % in October 2021 from 0.7 % a year ago.

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