Bank credit to micro, small enterprises grew nearly 20% in April compared to a year ago: RBI data

Loans and Finance for MSMEs: Bank credit to micro and small enterprises (MSEs) continued to improve in April 2022. Gross bank credit posted to MSEs during the month grew 19.7 per cent to Rs 14.08 lakh crore from Rs 11.77 lakh crore in April 2021, the latest figures from the Reserve Bank of India (RBI) show.reserve Bank of India) Shown on regional deployment of bank credit. The year-on-year (YoY) growth during March stood at 10.6 per cent as compared to 8.4 per cent in February and 4.8 per cent in…

Bank credit to industry grew fastest in 8 years in April

Bank credit to industry grew at its fastest pace in eight years in April 2022, showed sectoral data released by the Reserve Bank of India (RBI).reserve Bank of India) on Tuesday. The value of loans deployed in the industrial sector – including large, medium, small and micro industries – grew 8.1% year-on-year (YoY) to ₹31.52 trillion as on April 22. Credit to medium enterprises grew at the fastest rate of 53.5% year-on-year, while credit to micro and small enterprises grew by 29%. Growth in the large enterprise segment lagged behind…