Data for the month of March 2014 on sectoral deployment of credit collected from select 47 scheduled commercial banks accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks 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 14.3 per cent in March 2014 as compared with the increase of 13.5 per cent in March 2013.

• Credit to agriculture and allied activities increased by 13.5 per cent in March 2014 as compared with the increase of 7.9 per cent in March 2013.

• Credit to industry increased by 13.1 per cent in March 2014 as compared with the increase of 15.1 per cent in March 2013. Deceleration in credit growth was observed in respect of mining and quarrying, textiles, wood and wood products, petroleum and coal product, chemical and chemical products, glass and glassware, cement and cement products, basic metals, engineering, gems and jewellery and infrastructure.

• Credit to the services sector increased by 16.1 per cent in March 2014 as compared with the increase of 12.6 per cent in March 2013.

• Credit to Non Banking Financial Companies (NBFCs) increased by 13.2 per cent in March 2014 as compared with the increase of 11.6 per cent in March 2013.

• Personal loans increased by 15.5 per cent in March 2014 as compared with the increase of 14.7 per cent in March 2013.

Ajit Prasad
Assistant General Manager

Press Release : 2013-2014/2127