The report also corrects the popular notion of credit disbursement being interchangeably used as bank credit (non-food bank credit in particular), saying the trend was true only until 2017, since then bank credit in total commercial credit has been declining. Primarily after the RBI's asset quality review and NBFCs quickly filled the gap. But this couldn't last long after IL&FS went belly up and then DHFL too went bankrupt in 2018.
