Page 8 - Bank Credit Growth

Bank credit up 12%, deposits 10.6%; non-food credit increases 11.1%

Bank credit and deposits rose by 12.01 percent and 10.59 percent to Rs 96.57 lakh crore and Rs 126.491 lakh crore respectively for the fortnight to July 19, show the RBI data. In the year-ago fortnight, bank credit stood at Rs 86.09 lakh crore while deposits were at Rs 114.371 lakh crore. In the previous fortnight ending July 5, bank loans had grown by 12.02 percent to Rs 96.97 lakh crore and deposits by 10.32 percent to Rs 126.746 lakh crore. Non-food credit, on a year-on-year basis, increased 11.1 percent in June same as the year-ago period. Loans to agriculture & allied activities was up by 8.7 percent in June 2019 as compared with an increase of 6.5 percent in June 2018. Services sector advances decelerated to 13 percent in June from 23.3 percent in the same month of 2018. Personal loans increased by 16.6 percent in June down from an increase of 17.9 per cent in June 2018.

Banks need Rs 20 trillion deposits for credit growth, may up rates: Report

The healthier private sector lenders will account for up to 60 per cent of the incremental deposit mobilisation, domestic ratings agency Crisil said in a report

Bank credits: Infra, power sectors continue to get lion's share, says RBI

Over the last one year, much of the credit disbursed by banks flowed to the personal loan segment, industries and housing loans

Credit grows at over 10% in December

Last year this time credit growth base was low owing to demonetisation

Bank credit growth hits 20-year low

Combined advances by listed public, PSBs up 1.7% in FY17 as public sector lenders shrink loan book