Revised on April 29, 2013

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 February 2013 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 14.4 per cent in February 2013 as compared with the increase of 15.4 per cent in February 2012.

• Credit to agriculture increased by 18.4 per cent in February 2013, up from 8.0 per cent in February 2012.

• Credit to industry increased by 14.7 per cent (y-o-y) in February 2013 as compared with the increase of 19.1 per cent in February 2012. Deceleration in credit growth to industry was observed in all the major sub-sectors, barring beverage and tobacco; leather and leather products; wood and wood products; petroleum, coal products and nuclear fuels; cement and cement products; chemicals and chemical products and infrastructure.

• Credit to the services sector increased by 12.7 per cent in February 2013 as compared with the increase of 14.7 per cent in February 2012.

• Credit to NBFCs increased by 16.6 per cent in February 2013 as compared with the increase of 30.9 per cent in February 2012.

• Personal loans increased by 13.5 per cent in February 2013 as compared with the increase of 12.2 per cent in February 2012.

Ajit Prasad
Assistant General Manager

Press Release : 2012-2013/1670