RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S2

Press Releases Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

81258775

Sectoral Deployment of Bank Credit - February 2021

Data on sectoral deployment of bank credit collected from select 33 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 February 2021, are set out in Statements I and II.

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

  • On a year-on-year (y-o-y) basis, non-food bank credit growth stood at 6.5 per cent in February 2021 as compared to 7.3 per cent in February 2020.

  • Continuing its uptrend, credit growth to agriculture and allied activities accelerated to 10.2 per cent in February 2021 from 5.8 per cent in February 2020.

  • Credit to industry contracted marginally by 0.2 per cent in February 2021 as compared to 0.7 per cent growth in February 2020 mainly due to contraction in credit to large industries by 1.5 per cent (0.7 per cent growth in February 2020). Credit to medium industries registered a robust growth of 21.0 per cent in February 2021 as compared to 3.9 per cent a year ago and credit to micro & small industries registered a growth of 1.5 per cent in February 2021 as compared to a contraction of 0.4 per cent a year ago.

  • Within industry, credit to ‘food processing’, ‘beverages and tobacco’, ‘mining and quarrying’, ‘textiles’, ‘gems and jewellery’, ‘paper and paper products’, ‘glass and glassware’ and ‘vehicles, vehicles parts and transport equipment’ registered accelerated growth in February 2021 as compared to the growth in the corresponding month of the previous year.  However, credit growth to ‘petroleum, coal products and nuclear fuels’, ‘cement and cement products’, ‘all engineering’, ‘chemicals and chemicals products’, ‘rubber, plastic and their products’, ‘basic metal and metal products’, ‘construction’ and ‘infrastructure’ decelerated/contracted.

  • Credit growth to the services sector accelerated to 9.3 per cent in February 2021 from 6.9 per cent in February 2020 mainly due to good performance of credit to transport operators and trade.

  • The slowdown in growth of personal loans continued, as it decelerated to 9.6 per cent in February 2021 from 17.0 per cent a year ago.

Ajit Prasad
Director   

Press Release: 2020-2021/1333


1 With effect from January 2021, sectoral bank credit data are based on revised format due to which values and growth rates of some of the existing components published earlier have undergone some changes.

RbiTtsCommonUtility

प्ले हो रहा है
শুনুন

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া মোবাইল অ্যাপ্লিকেশন ইনস্টল করুন এবং সাম্প্রতিক সংবাদগুলিতে দ্রুত অ্যাক্সেস পান!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

এই পেজটি কি সহায়ক ছিল?