RBI reveals: Weak investment activity, stalled projects, grim profit outlook leads to lowest credit growth since 1994
Non-food credit sector-wise In an indirect admission that India's economy has been badly impacted by demonetisation and mismanagement, the Reserve Bank of India (RBI) has said that the growth in non-food credit -- extended by scheduled commercial banks to all other customers except the Food Corporation of India -- "reached a low of 5.8 per cent at end-March 2017, the lowest since 1994-95", even as underlining, the deceleration has continued thereafter.