RBI aggregates data on banking credit deployment by sector from 33 selected commercial banks
According to Reserve Bank of India (RBI) data, credit to medium-sized industries increased significantly by 48.6% in October 2021 compared to 20.8% increase in the corresponding month of the year. last.
The personal loan segment saw a decent growth of 11.7% in October 2021, compared with 8.7% growth in October 2020, due to an increase in purchase loans. homes and cars versus gold jewelry loans, the central bank said.
Central bank data added, credit growth for small and micro industries accelerated to 11.9% in October 2021 from a meager 0.7% in October 2020.
For major industries, credit growth was 0.5% in October 2021 compared with a 1.8% decline in October 2020.
The RBI aggregates data on bank credit deployment by sector from 33 scheduled commercial banks, representing approximately 90% of the total non-food credit deployed by all commercial banks by sector. schedule.
Agricultural credit grew 10.2% in October 2021, while growth in October 2020 was 7.2% in the corresponding month of last year.
However, credit growth in the services sector declined again, decelerating to 2.9% in October 2021 from 8.6% in October 2020.
