Bank credit rises by Rs 1,265 crore
By Our Banking Bureau | 25 Feb 2002
Mumbai: The bank credit has increased by Rs 1,265 crore to touch Rs 5,70,090 crore for the fortnight ended 8 February 2002, according to the weekly statistical supplement of the Reserve Bank of India (RBI).
This
is inclusive of the food credit, which increased by Rs
301 crore to touch Rs 54,981 crore, and the non-food credit,
which rose to Rs 5,15,109 crore for the same period.
The total accommodation provided by scheduled commercial banks to the commercial sector in the form of the bank credit and investments in shares, debentures, bonds and commercial paper has gone up by Rs 46,938 crore to Rs 5,95,238 crore for the fortnight ended 8 February 2002. Loans and advances provided by the RBI to the central government decreased by Rs 6,059 crore to Rs 2,503 crore for the week ended 15 February 2002, from Rs 8,562 crore in the previous week. Foreign currency assets rose by $437 million to touch $47.285 billion for the week ended 15 February 2002. Gold remained steady at $2.913 million, while special drawing rights touched $10 million.
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
Business History Videos
History of hovercraft Part 3...
Today I shall talk a bit more about the military plans for ...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
History of hovercraft Part 2...
In this episode of our history of hovercraft, we shall exam...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
History of Hovercraft Part 1...
If you’ve been a James Bond movie fan, you may recall seein...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
History of Trams in India | ...
The video I am presenting to you is based on a script writt...
By Aniket Gupta | Presenter: Sheetal Gaikwad
view more
