Non-food Credit Growth

Spending share increased on intoxicants, toilet articles, entertainment

For the current fiscal year till February 25, the non-food credit growth has accelerated to 6.2 per cent against 3.7 per cent for the same period of the last year

Banks' non-food credit accelerated to 9.3 per cent in December from 6.6 per cent in the same period of the last year, according to the latest data from the RBI

Personal loans continued to grow at a robust rate of 11.7 per cent in October 2021 vis-a-vis 8.7 per cent in October 2020

The non-food bank credit grew by 6.7 per cent in August 2021 as compared to 5.5 per cent in the year-ago month, RBI data showed

Bank credit offtake in the non-food sector slowed to 6.5 per in February 2021 on an annual basis, mainly on account of the impact of the coronavirus pandemic

In the fortnight ended February 14, 2020, bank credit stood at Rs 100.43 lakh crore and deposits at Rs 132.26 lakh crore

Non-food bank credit grew at 5.7 per cent in January 2021 as against an increase of 8.5 per cent in January 2020, RBI data showed

The pace of retail credit, a segment which has the maximum focus of banks, decelerated to 9.1 per cent in January 2021 from 16.9 per cent in January 2020

Non-food credit growth of banks stood at 6 per cent in November 2020 as compared to 7.2 per cent in the same month of the previous year, RBI data showed

Credit to large companies contracted 2.9%, but that to medium enterprises grew 16.7% YoY. Overall credit to industry had grown at 3.4% in October 2019

Non-food bank credit growth decelerated to 6 per cent in August as against 9.8 per cent in the same month last year, RBI data showed on Wednesday.

Non-food credit growth of banks slowed to 6.7 per cent in June, as against a growth of 11.1 per cent in the same month previous year, according to the Reserve Bank of India. The loan growth in June 2020 was nearly the same as in May. Personal loans continued to perform well, registering a growth of 10.5 per cent in June 2020, almost similar to May 2020 but lower than 16.6 per cent growth in June 2019, RBI's Sectoral Deployment of Bank Credit for June 2020 showed. Vehicle loan registered an accelerated growth in June 2020 as against its level in the previous month and the corresponding period last year. Housing loans have also continued to perform well. Credit growth to industry grew by 2.2 per cent in the month, as compared to 6.4 per cent growth in June 2019. Advances to large industries increased by 3.7 per cent in June 2020, over 7.6 per cent in the same period previous year. Within industry, credit growth to food processing, beverage & tobacco, petroleum, coal products & ..

All four categories - agriculture, industry, services and retail - segments showed deceleration in credit growth

However, the busy season starting from the third quarter may show improvement in demand.

Credit to agriculture and allied activities increased by 5.9% in April as compared with an increase of 7.4 per cent in the same month of the previous year