Sectoral Deployment of Bank Credit- (Reserve Bank of India) (31 Oct 2019)

MANU/RPRL/0193/2019

Banking

Data on sectoral deployment of bank credit collected from select 39 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of September 2019 are set out in Statements I and II.

Highlights of the sectoral deployment of bank credit are given below:

On a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 8.1 per cent in September 2019 from 11.3 per cent in September 2018.

Credit to agriculture & allied activities increased by 7.0 per cent in September 2019 as compared with an increase of 5.8 per cent in September 2018.

Credit growth to industry accelerated to 2.7 per cent in September 2019 from 2.3 per cent in September 2018. Within industry, credit growth to 'infrastructure', 'construction', 'cement & cement products', 'beverage & tobacco', 'paper & paper products' and 'all engineering' accelerated. However, credit growth to 'food processing', 'textiles', 'gems & jewellery' and 'chemicals & chemical products' decelerated/contracted.

Credit growth to the services sector decelerated sharply to 7.3 per cent in September 2019 from 24.0 per cent in September 2018.

Personal loans growth accelerated to 16.6 per cent in September 2019 from 15.1 per cent in September 2018.

Tags : SECTORAL DEPLOYMENT BANK CREDIT DATA