[ad_1]
Non-food credit of banks grew by 11.3 per cent in April 2022 as against 4.7 per cent a year ago. reserve Bank of India The data is shown on Tuesday.
According to the RBI’s Sectoral Deployment of Bank Credit – April 2022, credit to agriculture and allied activities continued to grow at 10.6 per cent in April, compared to a growth of 10.7 per cent in the same month a year ago.
Growth in advances for the industry stood at 8.1 per cent for the month from a contraction of 0.4 per cent in April 2021.
Size-wise, credit to medium industries registered a growth of 53.5 per cent in April 2022 as against 44.8 per cent last year.
Credit to micro and small industries grew 29 per cent from 8.7 per cent, while credit to large industries registered a growth of 1.6 per cent against a contraction of 3.6 per cent in April 2021, the data showed.
Within the industry, all engineering, beverage and tobacco, chemical and chemical products, food processing, gems and jewellery, infrastructure, leather and leather products, mining and quarrying, petroleum, coal products and nuclear fuels, rubber, plastics and their advances Increase. The Products & Vehicles, Vehicle parts & Transportation equipment segment witnessed a growth in April 2022 as compared to a year ago month.
However, credit growth to basic metals and metal products, cement and cement products, construction, glass and glassware, paper and paper products, textiles and wood and wood products moderated.
Credit to the services sector, mainly attributable to NBFCs, business, tourism, hotels and restaurants and transport operators, grew by 11.1 per cent in April 2022 as compared to 2.4 per cent a year ago.
The personal loan segment continued to perform well, registering a growth of 14.7 per cent from 12.1 per cent in April 2021, primarily driven by housing and vehicle loans.
[ad_2]
Source link
