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AI Drafter ✕

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        Case ID :
        Income Tax

        Non-food bank credit growth

        March 24, 2017

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        Reserve Bank of India (RBI) has informed that non-food bank credit growth (y-o-y) was at 4.8 per cent as on March 3, 2017, as against 11.1 per cent during the corresponding period of last year.

        The sector-wise growth in outstanding credit by select banks (covering about 95 per cent of total non-food credit extended by all scheduled commercial banks) is as under:-

        Growth in outstanding credit (y/y)                                                  (per cent)

        Sr. No.

        Sector

        Mar.21, 2014

        Mar.20, 2015

        Mar.18, 2016

        Jan.20, 2017

         

        Non-food Credit (1 to 4)

        14.3

        8.6

        9.1

        3.5

        1

        Agriculture & Allied Activities

        13.5

        15.0

        15.3

        8.1

        2

        Industry (Micro & Small, Medium and Large)

        13.6

        5.6

        2.7

        -5.1

        3

        Services

        17.1

        5.7

        9.1

        8.1

        4

        Personal Loans

        13.1

        15.5

        19.4

        12.9

        Source: Reserve Bank of India.

        This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

        Non-food bank credit growth shows slowdown with divergent sectoral trends, industry contraction and sustained personal loan expansion. Non-food bank credit growth slowed year-on-year to 4.8 per cent as on March 3, 2017 from 11.1 per cent a year earlier. Select-bank outstanding credit data (covering about 95 per cent of non-food credit) shows Agriculture & Allied Activities remaining positive, Industry moving into negative growth, Services expanding, and Personal Loans sustaining strong growth.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Non-food bank credit growth shows slowdown with divergent sectoral trends, industry contraction and sustained personal loan expansion.

                                Non-food bank credit growth slowed year-on-year to 4.8 per cent as on March 3, 2017 from 11.1 per cent a year earlier. Select-bank outstanding credit data (covering about 95 per cent of non-food credit) shows Agriculture & Allied Activities remaining positive, Industry moving into negative growth, Services expanding, and Personal Loans sustaining strong growth.


                                Note: It is a system-generated summary and is for quick reference only.
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                                  ActsIncome Tax
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