Sectoral Deployment of Bank Credit – May 2016

Data on sectoral deployment of bank credit collected on a monthly basis from select 46 scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of May 2016 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 sectoral deployment of bank credit are given below:

  • On a year-on-year (y-o-y) basis, non-food bank credit increased by 8.4 per cent in May 2016 as compared with the increase of 9.0 per cent in May 2015.
  • Credit to agriculture and allied activities increased by 15.6 per cent in May 2016 as compared with the increase of 11.0 per cent in May 2015.
  • Credit to industry increased by 0.9 per cent in May 2016 as compared with the increase of 5.2 per cent in May 2015. Credit declined to several sub-sectors, some of which include food processing, infrastructure and vehicles, vehicle parts & transport equipment.
  • Credit to the services sector increased by 9.3 per cent in May 2016 as compared with the increase of 9.1 per cent in May 2015.
  • Personal loans increased by 19.1 per cent in May 2016, up from the increase of 16.6 per cent in May 2015.

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/3057