Data on sectoral deployment of bank credit collected on a monthly basis from select 46 scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of November 2016 are set out in Statements I and II. These data are also available in the Real-Time Handbook of Statistics on the Indian Economy (http://dbie.rbi.org.in).

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 4.8 per cent in November 2016 as compared with an increase of 8.8 per cent in November 2015.

• Credit to agriculture and allied activities increased by 10.3 per cent in November 2016 as compared with an increase of 11.8 per cent in November 2015.

• Credit to industry contracted by 3.4 per cent in November 2016 in contrast with an increase of 5.0 per cent in November 2015. Major sub-sectors which witnessed deceleration/contraction in credit include infrastructure, food processing, chemical and chemical products, all engineering, textiles and basic metal and metal products.

• Credit to the services sector increased by 7.1 per cent in November 2016 as compared with an increase of 6.8 per cent in November 2015.

• Personal loans increased by 15.2 per cent in November 2016 as compared with an increase of 18.0 per cent in November 2015.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/1724