Home / Finance / News / Share of industrial credit in total bank credit dips to 31.5% in March: RBI

Share of industrial credit in total bank credit dips to 31.5% in March: RBI

Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.

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The data captures various characteristics of bank credit such as population group (rural/semi-urban/ urban/ metropolitan); occupation/activity and organisational sector of the borrower; type of account; and interest rates.

Press Trust of India Mumbai

2 min read Last Updated : Jul 15 2020 | 9:47 PM IST

The share of industrial credit in total bank credit declined to 31.5 per cent in March 2020 as against 33.1 per cent a year ago, Reserve Bank data showed.

Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020. However, bank branches in rural areas maintained a double-digit growth.

"The share of industrial credit in total bank credit declined to 31.5 per cent in March 2020 as against 33.1 per cent a year ago, as it recorded a meagre 0.9 per cent growth (year-on-year) in March 2020," the RBI's data on outstanding

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