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GS-III : Economic Issues Banking

06 March, 2021
Min Read

Data on Sectoral Deployment of Bank Credit in 2020-21

Data on Sectoral Deployment of Bank Credit in 2020-21

Year-on-Year Growth of outstanding bank loans is on decelerating pace. It slowed down to lowest in last 10 yrs.
Industries:

Credit to large industries contracted by 2.5%.
Large industries constitute 82% of credit off-take to the industrial sector.

Non Food Bank Credit

All loans except those given to FCI for food grain procurement, decelerated to 5.7% in 2021.

Personal loans

Decelerated to 9.1% .

Loans to Agriculture and Allied sectors

Expanded by 9.9%, as the sector saw an increase in employment following record levels of reverse migration following lockdown.

Source: TH

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