Data on sectoral deployment of bank credit collected on a monthly basis from select 46 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 January 2017 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 sectoral deployment of bank credit are given below:

• On a year-on-year (y-o-y) basis, non-food bank credit increased by 3.5 per cent in January 2017 as compared with an increase of 9.8 per cent in January 2016.

• Credit to agriculture and allied activities increased by 8.1 per cent in January 2017 as compared with an increase of 13.4 per cent in January 2016.

• Credit to industry contracted by 5.1 per cent in January 2017 in contrast with an increase of 5.6 per cent in January 2016. Credit growth to major sub-sectors such as ‘infrastructure’, ‘food processing’, ‘basic metal and metal products’ and ‘textiles’ witnessed deceleration/contraction. However, credit growth to ‘petroleum, coal products and nuclear fuels’, ‘vehicles’ and ‘construction’ accelerated.

• Credit to the services sector increased by 8.1 per cent in January 2017 as compared with an increase of 8.9 per cent in January 2016.

• Personal loans increased by 12.9 per cent in January 2017 as compared with an increase of 18.1 per cent in January 2016.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/2312