Data on sectoral deployment of credit collected on a monthly basis from select 47 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 2011 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 data are given below:

• Non-food bank credit grew by 20.6 per cent during 2010-11 as compared with 16.8 per cent during 2009-10.

• Credit growth to agriculture decelerated to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year.

• Credit to industry, led by infrastructure, metals, food processing, rubber, plastic and their products and engineering grew by 23.6 per cent in 2010-11 as compared with 24.4 per cent in the previous year.

• Credit to the services sector, led by NBFCs, professional services, transport operators and tourism, hotels and restaurants, grew by 23.9 per cent during 2010-11 as compared with 12.5 per cent in the previous year.

• Personal loans grew significantly by 17.0 per cent during 2010-11 as compared with 4.1 per cent during the previous year, with all its components barring credit card outstanding exhibiting high growth.

Ajit Prasad
Assistant General Manager

Press Release : 2010-2011/1572