Sectoral Deployment of Bank Credit March 2015

Highlights:

• Non-food bank credit increased by 8.6 per cent during 2014-15 (Mar 21, 2014 to Mar 20, 2015) as compared with an increase of 14.3 per cent during 2013-14 (Mar 22, 2013 to Mar 21, 2014).

• Credit to agriculture and allied activities increased by 15.0 per cent during 2014-15, as compared with 13.5 per cent increase during 2013-14.

• Credit to industry increased by 5.6 per cent during 2014-15 down from an increase of 13.1 per cent during 2013-14. Deceleration in credit growth to industry was observed in all major sub-sectors, barring construction.

• Credit to the services sector increased by 5.6 per cent during 2014-15, lower than the increase of 16.1 per cent during 2013-14, with deceleration observed in all major sub-sectors.

• Credit to NBFCs increased by 6.4 per cent during 2014-15 as compared with an increase of 13.2 per cent during 2013-14.
• Personal loans increased by 15.4 per cent during 2014-15 as compared with increase of 15.5 per cent during 2013-14.

Sangeeta Das
Director

Press Release : 2014-2015/2308