| Log in

In Charts: How bank loans to non-food sectors have been growing

28 November, 2016

Growth in bank credit to non-food sectors picked up pace in September with loans to non-banking finance companies leading the expansion, Reserve Bank of India data show.

Total outstanding non-food credit of banks was Rs 67.56 trillion as of 30 September, up 11.5% from a year earlier, the RBI data show. 

This increase is significant given that the total credit outstanding had stayed between Rs 65.47 trillion and Rs 65.57 trillion since March.

The RBI data show also that credit outstanding to industry rose after falling for three months. Within industry, loans to micro, small and medium enterprises rose faster than those to large units. 

In the services sector, credit to NBFCs rose at the fastest pace sequentially. On an annual basis, outstanding credit to NBFCs surged 25% to Rs 3.7 trillion while credit to professional services climbed 32.7% to Rs 1.2 trillion.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
How NBFCs are growing faster than banks, in five charts

How NBFCs are growing faster than banks, in five charts

Keshav Sunkara 1 year ago
At a time when banks have tightened their purse strings to tackle bad loans,...
What does bank credit tell us about industrial growth and consumer sentiment in India?

What does bank credit tell us about industrial growth and consumer sentiment in India?

Bruhadeeswaran R 4 years ago
The headline numbers of outstanding bank credit in India seem to be in line with...
Net bank credit growth in April-July defies investment slump; fresh credit breaks 8-year-old record

Net bank credit growth in April-July defies investment slump; fresh credit breaks 8-year-old record

Vivek Sinha 4 years ago
The net addition to outstanding bank credit in the first four months of the...
No Comments

In Charts: How bank loans to non-food sectors have been growing

Powered by WordPress.com VIP