Reserve Bank of India – Press Releases

Data on sectoral deployment of financial institution credit score for the month of August 2022¹ collected from 40 choose scheduled business banks accounting for about 93 per cent of the full non-meals credit score deployed by all scheduled business banks, are set out in Statements I and II.

On a 12 months-on-12 months (y-o-y) foundation, non-meals financial institution credit score² registered a progress of 16.0 per cent in August 2022 as in contrast with 6.7 per cent a 12 months in the past.

Highlights of the sectoral deployment of financial institution credit score are given beneath:

• Credit progress to agriculture and allied actions remained strong at 13.4 per cent in August 2022 (13.0 per cent a 12 months in the past).

• Credit progress to trade accelerated to 11.4 per cent in August 2022 from 1.5 per cent in August 2021. Size-wise, credit score to massive trade grew by 6.4 per cent in opposition to a contraction of 2.6 per cent a 12 months in the past. Medium industries recorded credit score progress of 35.6 per cent in August 2022 as in contrast with 52.3 per cent final 12 months, whereas credit score progress to micro and small industries accelerated to twenty-eight.2 per cent from 12.1 per cent throughout the identical interval.

• Within trade, credit score progress to ‘all engineering’, ‘basic metal & metal products’, ‘beverage & tobacco’, ‘cement & cement products’, ‘chemicals & chemical products’, ‘food processing’, ’glass & glassware’, ‘infrastructure’, ‘leather & leather products’, ‘petroleum, coal products and nuclear fuels’, ‘rubber, plastic & their products’, ‘vehicles, vehicle parts & transport equipment’, and ‘wood & wood products’ accelerated in August 2022 as in contrast with the corresponding month of the earlier 12 months. However, credit score progress to ‘construction’, ‘gems & jewellery’, ‘mining and quarrying’, ‘paper & paper products’, and ‘textiles’ decelerated/contracted.

• Credit progress to companies sector accelerated to 17.2 per cent in August 2022 from 2.1 per cent a 12 months in the past, primarily as a consequence of improved credit score offtake to ‘NBFCs’ and ‘trade’ sectors.

• Personal loans progress improved to 19.5 per cent in August 2022 from 12.8 per cent a 12 months in the past, pushed primarily by ‘housing’ and ‘vehicle loans’ segments.

Rupambara           
Director (Communications)

Press Release: 2022-2023/978