Data for the month of August 2013 on sectoral deployment of credit collected from select 47 scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, 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:

• On a year-on-year (y-o-y) basis, non-food bank credit increased by 17.0 per cent in August 2013 as compared with the increase of 15.9 per cent in August 2012.

• Credit to agriculture increased by 12.1 per cent in August 2013 as compared with the increase of 18.7 per cent in August 2012.

• Credit to industry increased by 17.3 per cent in August 2013 same as in August 2012. Acceleration in credit growth to industry was observed in all the major sub-sectors, barring mining & quarrying, engineering, vehicles, rubber & rubber products, construction and glass & glassware.

• Credit to the services sector increased by 18.4 per cent in August 2013 as compared with the increase of 14.2 per cent in August 2012.

• Credit to NBFCs increased by 18.0 per cent in August 2013 as compared with the increase of 32.5 per cent in August 2012.

• Personal loans increased by 17.8 per cent in August 2013 as compared with the increase of 13.0 per cent in August 2012.

Sucheta Vazkar
Manager

Press Release : 2013-2014/680