Today, the Reserve Bank released its web publication entitled ‘Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs)¹ - June 2024²’ on its ‘Database on Indian Economy’ portal (https://data.rbi.org.in Homepage > Publications). It captures various characteristics of bank credit such as occupation/activity and organisational sector of the borrower, type of account and interest rates based on account-level reporting³. Data reported by SCBs (excluding Regional Rural Banks) are presented for bank groups, population groups⁴ and states.

Highlights:

• Bank credit growth (y-o-y) slowed marginally to 15.0 per cent, net of merger, in June 2024 from 15.6 per cent in the previous year.

• The share of private corporate sector in total bank credit rose to 26.4 per cent (25.7 per cent a year ago) as loan growth accelerated in successive quarters.

• Individuals in the household sector accounted for 46.5 per cent of total credit; the share of female individuals has been rising gradually and stood at 10.9 per cent of total loans in June 2024 (10.3 per cent a year ago).

• Bank borrowings by public sector entities both on sequential (q-o-q) as well as annual (y-o-y) basis and their share in total credit declined to 13.5 per cent in June 2024 (16.4 per cent a year ago).

• Bank credit to industry is gradually accelerating though the pace of expansion remains below the headline credit growth.

• Metropolitan branches account for a bulk of bank loans; their share in total credit has, however, declined to 60.6 per cent in June 2024 from 62.0 per cent a year ago as urban and semi-urban branches recorded higher growth in bank loans.

• The share of public sector banks in total credit continued to decline and stood at 53.1 per cent in June 2024 (55.8 per cent a year ago) with concomitant rise for private sector banks.

• The weighted average lending rate (WALR) increased marginally to 10.23 per cent in June 2024 from 10.18 per cent in previous quarter and 10.15 per cent a year ago.

Ajit Prasad            
Deputy General Manager
(Communications)    

Press Release: 2024-2025/1014

¹ Banking aggregates based on fortnightly Form-A Return (collected under Section 42(2) of the RBI Act, 1934) for the last reporting Friday of June 2024 were published earlier at our website (Home>Statistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India) and aggregate level monthly data on sectoral deployment of bank credit for June 2024, reported by select major banks, were also released on the website (Home>Statistics>Data Releases>Monthly> Data on Sectoral Deployment of Bank Credit).

² Reference date for BSR-1 is last day of the quarter. These data include the impact of merger of a non-bank with a bank with effect from July 1, 2023.

³ Previous data release in the series, covering end-March 2024 position, was published on June 4, 2024 on RBI website.

⁴ Population group criteria used for BSR is based on population size of respective revenue centre, as per census 2011, where branches of SCBs are operating and classified as: a) 'Rural' (population less than 10,000), b) 'Semi-urban' (population of 10,000 to less than 1 lakh), c) 'Urban' (population of 1 lakh to less than 10 lakhs), d) 'Metropolitan' (population of 10 lakhs and above).