Offtake of credit stays tepid in 2009

 
The banking credit during the year showed an increase of Rs 2.92 lakh crore, down from Rs 5.12 lakh crore in the previous year, says RBI data released on Wednesday.

The rate of increase in credit offtake works out to be 11 per cent during the year compared to 24 per cent during 2008. For the fortnight ending December 18, credit offtake increased by 11.08 per cent at Rs 29,20,759 crore compared to Rs 26,29,253 crore in the year-ago period.

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