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Of credit offtake from banks December 17, 2010 ended with a one-year knjizare period increased by 23.9 percent to Rs 37.47 lakh crore. Before 18 December, 2009 ended a period of one year of credit offtake was 30.26 lakh crore. The central bank had projected in its annual monetary policy review credit offtake in the current financial knjizare year have increased by 20 percent. The central bank said that a 20 percent increase in non-food credit. The Reserve Bank estimates that these figures should be considered indicative, not the goal. A major reason for the increase in credit offtake this year by telecom companies for 3G spectrum taken hefty amount. According to analysts, credit demand is good and the good growth in the current financial year can be expected. Rating agency Crisil said earlier that the growth rate of loans to the country in the current financial year will be 20 to 22 percent. (Language)
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