Sectoral Deployment of Bank Credit – March 2019

Data on sectoral deployment of bank credit collected from select 41 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 March 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 increased by 12.3 per cent in March 2019 as compared with an increase of 8.4 per cent in March 2018. Credit to agriculture and allied activities increased by 7.9 per cent in March 2019, up from an increase of 3.8 per cent in March 2018. Credit to industry rose by 6.9 per cent in March 2019 as compared with an increase of 0.7 per cent in March 2018. Credit growth to ‘infrastructure’, ‘chemical & chemical products’ and ‘all engineering’ accelerated. However, credit growth to ‘basic metal & metal products’, ‘textiles’ and ‘food processing’ decelerated/contracted. Credit to the services sector expanded by 17.8 per cent in March 2019 as compared with 13.8 per cent in March 2018. Personal loans increased by 16.4 per cent in March 2019 as compared with an increase of 17.8 per cent in March 2018. Shailaja Singh Deputy General Manager Press Release : 2018-2019/2570

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