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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

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• Issue-wise legal analysis
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        Case ID :
        Income Tax

        Outstanding Credit of Scheduled Commercial Banks.

        May 8, 2012

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        Press Information Bureau
        Government of India
        Ministry of Finance

        08-May-2012 18:56 IST

        Outstanding Credit of Scheduled Commercial Banks

        The Reserve Bank of India (RBI) maintains data on Outstanding credit of Scheduled Commercial Banks (SCBs), not on loans disbursed.  Outstanding credit of SCBs is given below:

         

        (Rs. Crore)

         

        As on 31 March 2008

        As on 31 March 2009

        As on 31 March 2010

        Outstanding credit

        2085984

        2497848

        2984424

        Annual Growth rate (%)

        25.04

        19.74

        19.48

         

                    Outstanding credit to Central & State Government Departments, Public Financial and Non-Financial Corporations etc. and its annual growth rate is given below:

         

        (Rs. Crore)

         

        As on 31 March 2008

        As on 31 March 2009

        As on 31 March 2010

        Outstanding credit to Public Sector

        348863

        475326

        555679

        Annual Growth rate (%)

        75.06

        36.25

        16.90

         

                     This information was given by the Minister of State for Finance, Shri   Namo Narain Meena in written reply to a question in Rajya  Sabha today.

         

         

        * * *

        DSM/Hb

        Outstanding credit of scheduled commercial banks shows reported annual growth and higher public sector lending trends over 2008-2010. The Reserve Bank of India maintains and publishes data on outstanding credit of Scheduled Commercial Banks, distinct from loan disbursement figures, reporting aggregate outstanding credit and annual growth rates for the years ending 31 March 2008-2010. Separate figures and growth rates are provided for outstanding credit to Central and State Government departments and public financial and non financial corporations, and these data were furnished to Parliament in a written reply by the Minister of State for Finance.
                          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.

                                Outstanding credit of scheduled commercial banks shows reported annual growth and higher public sector lending trends over 2008-2010.

                                The Reserve Bank of India maintains and publishes data on outstanding credit of Scheduled Commercial Banks, distinct from loan disbursement figures, reporting aggregate outstanding credit and annual growth rates for the years ending 31 March 2008-2010. Separate figures and growth rates are provided for outstanding credit to Central and State Government departments and public financial and non financial corporations, and these data were furnished to Parliament in a written reply by the Minister of State for Finance.


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