Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
Non-food bank credit growth stood at 5.9% in June compared to 6% in the year-ago period, according to RBI data released on Friday.
Credit to agriculture and allied activities continued to perform well, registering an accelerated growth of 11.4% in the reporting month compared to 2.4% in the same month of the previous year, as per RBI data on Sectoral Deployment of Bank Credit – June 2021.
Advances to industry contracted 0.3% in June whereas there was a 2.2% growth in the same period a year ago.
Credit to medium industries registered a robust growth of 54.6% in June. Growth in credit to micro and small industries accelerated to 6.4% in June whereas it was a contraction of 2.9% a year ago.
Credit to large industries contracted 3.4% in June 2021. In the year-ago period, there was a growth of 3.6%. Growth in loans to the services sector decelerated to 2.9% in the reporting month from 10.7% in June 2020, mainly due to contraction/deceleration in credit growth to commercial real estate, NBFCs and tourism, hotels and restaurants.