Data on sectoral deployment of bank 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 October 2014 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 11.1 per cent in October 2014 as compared an increase of 17. 0 per cent in October 2013.

• Credit to agriculture and allied activities increased by 20.3 per cent in October 2014, up from 13.2 per cent in October 2013.

• Credit to industry increased by 7.8 per cent in October 2014 as compared with the increase of 15.9 per cent in October 2013. Deceleration in credit growth to industry was observed in all major sub-sectors, barring construction, beverages and tobacco and mining and quarrying.

• Credit to the services sector increased by 8.9 per cent in October 2014 as compared with the increase of 21.7 per cent in October 2013.

• Credit to NBFCs increased by 7.0 per cent in October 2014 as against an increase of 22.1 per cent in October 2013.

• Personal loans increased by 16.3 per cent in October 2014 as compared with the increase of 16.4 per cent in October 2013.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/1106