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 March 2017 are set out in Statements I and II. These data are also available in the Real-Time Handbook of Statistics on the Indian Economy (https://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 9.0 per cent in March 2017 as compared with an increase of 9.1 per cent in March 2016.

• Credit to agriculture and allied activities increased by 12.4 per cent in March 2017, lower than increase of 15.3 per cent in March 2016.

• Credit to industry contracted by 1.9 per cent in March 2017 in contrast with an increase of 2.7 per cent in March 2016. Credit growth to major sub-sectors such as ‘infrastructure’, ‘food processing’, ‘basic metal & metal products’ and ‘textiles’ decelerated/contracted. However, credit growth to ‘petroleum, coal products & nuclear fuels’, ‘wood & wood products’, ‘rubber, plastic & their products’, ‘vehicles, vehicle parts & transport equipment’ and ‘construction’ accelerated.

• Credit to the services sector increased by 19.5 per cent in March 2017, up from the increase of 9.1 per cent in March 2016.

• Personal loans increased by 16.7 per cent in March 2017, lower than the increase of 19.4 per cent in March 2016.

Anirudha D. Jadhav
Assistant Manager

Press Release : 2016-2017/2941