Data on sectoral deployment of bank credit collected from select 39 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of May 2019 are set out in Statements I and II.

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 11.4 per cent in May 2019 as compared with an increase of 11.1 per cent in May 2018.

• Credit to agriculture & allied activities increased by 7.8 per cent in May 2019 as compared with an increase of 6.4 per cent in May 2018.

• Credit to industry rose by 6.4 per cent in May 2019 as compared with an increase of 1.4 per cent in May 2018. Credit growth to ‘infrastructure’, ‘chemical & chemical products’, ‘vehicles, vehicle parts & transport equipment’ and ‘all engineering’, accelerated. However, credit growth to ‘basic metal & metal products’, ‘textiles’, ‘food processing’ and ‘petroleum, coal products & nuclear fuels’ decelerated/contracted.

• Credit growth to the services sector decelerated to 14.8 per cent in May 2019 as compared with 21.9 per cent in May 2018.

• Personal loans increased by 16.9 per cent in May 2019, down from an increase of 18.6 per cent in May 2018.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/3081