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[RBI] Data on Sectoral Deployment of Bank Credit – August 2018

Sep 28, 2018: 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 August 2018 are set out in Statements I and II.

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

o On a year-on-year (y-o-y) basis, non-food bank credit increased by 12.4 per cent in August 2018 as compared with an increase of 5.5 per cent in August 2017.

Credit to agriculture and allied activities increased by 6.6 per cent in August 2018 in comparison with an increase of 6.5 per cent in August 2017.

Credit to industry rose by 1.9 per cent in August 2018 as against contraction of 0.3 per cent in August 2017. Credit to major sub-sectors such as ‘infrastructure’, ‘textiles’, ‘chemical and chemical products’ and ‘all engineering’ accelerated. However, credit to ‘basic metal & metal product’, ‘cement & cement products’, ‘gems & jewellery’ and ‘paper & paper products’ contracted/declined.

Credit to the services sector expanded by 26.7 per cent in August 2018 as compared with that of 5.0 per cent in August 2017.

Personal loans increased by 18.2 per cent in August 2018, up from an increase of 15.7 per cent in August 2017.

Deployment of Gross Bank Credit by Major Sectors August 2018

Industry-wise Deployment of Gross Bank Credit August 2018

Source: Reserve Bank of India (RBI)

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