Reserve Bank of India – Press Releases

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Today, the Reserve Bank launched the net publication ‘Basic Statistical Return on Credit by Scheduled Commercial Banks (SCBs) in India – March 2022’1 on its Database on Indian Economy (DBIE) portal (internet-hyperlink: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!19). The publication offers data on varied traits of financial institution credit score, primarily based on information submitted by SCBs (together with Regional Rural Banks) beneath the annual Basic Statistical Return (BSR) – 1 system, which collects data on sort of account, organisation, occupation/exercise and class of the borrower, district and inhabitants group of the place of utilisation of credit score, charge of curiosity, credit score restrict and quantity excellent2.

Main Findings:

  • Bank branches in city, semi-city, and rural areas maintained double-digit annual (y-o-y) progress in credit score in March 2022, whereas credit score progress for metropolitan branches elevated considerably to 9.2 per cent from 1.4 per cent within the earlier 12 months.

  • Over the final 5 years, the credit score shares of rural, semi-city and concrete branches have gone up on the value of metropolitan branches of banks, which nonetheless accounted for practically 60 per cent of whole credit score of SCBs in March 2022 (65.2 per cent 5 years in the past).

  • All the financial institution teams recorded strong credit score progress throughout 2021-22.

  • The declining share of public sector banks (PSBs) to whole financial institution credit score has continued: PSBs’ share in whole credit score by SCBs stood at 54.8 per cent in March 2022 as in contrast with 65.8 per cent 5 years in the past and 74.2 per cent ten years in the past. On the opposite hand, the share of personal sector banks practically doubled to 36.9 per cent over the past ten years.

  • Agriculture credit score grew at 12.2 per cent (y-o-y) in March 2022; loans to industrial sector recorded 4.7 per cent progress in 2021-22 after witnessing a decline within the earlier 12 months.

  • Over the final decade, the share of industrial loans in whole credit score has been steadily declining whereas, the share of private loans has been rising; each these sectors had practically 27 per cent credit score share every in March 2022.

  • As credit score demand from the retail phase has grow to be extra distinct in recent times, the portion of small-sized loans can also be going up steadily. The share of loans as much as Rs. one crore has surged to just about 48 per cent in March 2022 from round 39 per cent 5 years in the past, whereas the share of loans above Rs. ten crore fell to just about 40 per cent from round 49 per cent over the identical interval, however the value impact on mortgage-measurement over time.

  • The share of loans bearing lower than 7.0 per cent rate of interest rose to 23.6 per cent in March 2022 as in comparison with 15.1 per cent a 12 months in the past.

  • Nearly 95 per cent of the loans had been utilised within the states/union territories the place they had been sanctioned.

  • Maharashtra (26.2 per cent), National capital territory (NCT) of Delhi (11.3 per cent), Tamil Nadu (9.2 per cent) and Karnataka (6.8 per cent) collectively accounted for over half of the credit score prolonged by SCBs.

Rupambara           
Director (Communications)

Press Release: 2022-2023/953


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