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Credit to industry shrinks 1.9% in Mar 17

In contrast, credit to services sector jumped to 19.5% by the end of March 2017

Abhijit Lele  |  Mumbai 

Credit, Credit growth

Reflecting a slowdown in the manufacturing sector, bank to industry — large, medium and small — shrunk by 1.9 per cent in FY17 against 2.7 per cent growth in FY16.

In contrast, to jumped to 19.5 per cent by the end of March 2017, from 9.1 per cent in March 2016, according to the Reserve Bank of India (RBI).

The pace of growth in personal loans segment, covering areas like housing credit, consumer durables, and cards outstanding moderated to 16.7 per cent in March 2017 from 19.4 per cent in March 2016. The card outstanding grew by 34 per cent in March 2017, a big jump from 23.7 per cent a year ago.

to agriculture and allied activities increased by 12.4 per cent in March 2017, lower than the increase of 15.3 per cent in March 2016.

Gross bank rose by 7.4 per cent in March 2017, down from 9 per cent in March 2016.  

In to industry, loans to sub-sectors such as infrastructure, food processing, basic metal and metal products, and textiles decelerated/contracted. However, growth to petroleum, coal products, nuclear fuels, vehicles, vehicle parts, transport equipment, and construction accelerated, said. 

Credit to industry shrinks 1.9% in Mar 17

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Credit to industry shrinks 1.9% in Mar 17

In contrast, credit to services sector jumped to 19.5% by the end of March 2017

In contrast, credit to services sector jumped to 19.5% by the end of March 2017
Reflecting a slowdown in the manufacturing sector, bank to industry — large, medium and small — shrunk by 1.9 per cent in FY17 against 2.7 per cent growth in FY16.

In contrast, to jumped to 19.5 per cent by the end of March 2017, from 9.1 per cent in March 2016, according to the Reserve Bank of India (RBI).

The pace of growth in personal loans segment, covering areas like housing credit, consumer durables, and cards outstanding moderated to 16.7 per cent in March 2017 from 19.4 per cent in March 2016. The card outstanding grew by 34 per cent in March 2017, a big jump from 23.7 per cent a year ago.

to agriculture and allied activities increased by 12.4 per cent in March 2017, lower than the increase of 15.3 per cent in March 2016.

Gross bank rose by 7.4 per cent in March 2017, down from 9 per cent in March 2016.  

In to industry, loans to sub-sectors such as infrastructure, food processing, basic metal and metal products, and textiles decelerated/contracted. However, growth to petroleum, coal products, nuclear fuels, vehicles, vehicle parts, transport equipment, and construction accelerated, said. 

Credit to industry shrinks 1.9% in Mar 17

image
Business Standard
177 22

Credit to industry shrinks 1.9% in Mar 17

In contrast, credit to services sector jumped to 19.5% by the end of March 2017

Reflecting a slowdown in the manufacturing sector, bank to industry — large, medium and small — shrunk by 1.9 per cent in FY17 against 2.7 per cent growth in FY16.

In contrast, to jumped to 19.5 per cent by the end of March 2017, from 9.1 per cent in March 2016, according to the Reserve Bank of India (RBI).

The pace of growth in personal loans segment, covering areas like housing credit, consumer durables, and cards outstanding moderated to 16.7 per cent in March 2017 from 19.4 per cent in March 2016. The card outstanding grew by 34 per cent in March 2017, a big jump from 23.7 per cent a year ago.

to agriculture and allied activities increased by 12.4 per cent in March 2017, lower than the increase of 15.3 per cent in March 2016.

Gross bank rose by 7.4 per cent in March 2017, down from 9 per cent in March 2016.  

In to industry, loans to sub-sectors such as infrastructure, food processing, basic metal and metal products, and textiles decelerated/contracted. However, growth to petroleum, coal products, nuclear fuels, vehicles, vehicle parts, transport equipment, and construction accelerated, said. 

Credit to industry shrinks 1.9% in Mar 17

image
Business Standard
177 22