Skip to main content
 
April 2013 Gross Bank Credit grows at 13.8%
 
On a year-on-year basis, gross bank credit increased by 13.8% in April 2013 as compared with 13.4% in March 2013. Food credit increased by 10.4% in April 2013 as compared with 15.5% in March 2013 and non-food bank credit increased by 13.8% in April 2013 as compared with 13.3% in March 2013.
 
The credit to NBFCs increased by 5.2% in April 2013 as compared with 12.6% in March 2013. The credit to agriculture increased by 10.5% in April 2013 as against 7.7% in March 2013.
 
The gross bank credit stands at Rs. 49,815 billion as on April 2013 as compared to Rs. 49,642 billion as on March 2013.
 
 
  Monthly trend in growth of gross bank credit (%)                                                    (YoY)
Source: PHD Research Bureau, compiled from RBI
 
 
Credit to industry increased by 15.5% in April 2013 as compared with the 14.9% in March 2013. The deceleration in credit growth to industry in the month of April 2013 was observed in all the major sub-sectors, barring food processing, wood & wood products, cement & cement products, chemicals & chemical products, infrastructure, paper & paper products, glass & glassware, textiles and leather & leather products.
 
The services sector credit increased by 11.6% in April 2013 as compared with 12.7% in March 2013. Personal loans increased by 14.8% in April 2013 as compared with 14.04% in March 2013. Growth in the components of personal loans in April 2013 stood at housing (15.1%), advances against fixed deposits (9%), advances to individuals against shares, bonds, etc. (-4.3%) , education (9.6%)and vehicle loans (26.6%).
 
  Deployment of Gross Bank Credit by major sectors                                                                          (Rs. Billion)
Sector
March 2013*
April 2013**
March 2013^ (Y-O-Y growth)
April 2013^^ (Y-O-Y growth)
(%)
(%)
Gross Bank Credit
49642
49815
13.4
13.8
Food Credit
946
930
15.5
10.4
Non-food Credit
48696
48884
13.3
13.8
Agriculture & Allied Activities
5899
6011
7.7
10.5
Industry (Micro & Small, Medium and Large )
22302
22390
14.9
15.5
Services
11486
11359
12.8
11.6
Personal Loans
9009
9125
14.0
14.8
Priority Sector
15398
15892
8.2
13.2
Source: PHD Research Bureau, compiled from RBI
Note: Data are provisional and are collected on a monthly basis from select 47 scheduled commercial banks accounting for
 about 95% of the total non-food credit deployed by all scheduled commercial banks;
  * Data pertains as on Mar 22, 2013, ** Data pertains as on Apr 19, 2013, ^Data pertains as on Mar 22, 2013 over Mar 23, 2012
^^ Data pertains as on Apr 19, 2013 over Apr 20, 2012
 
 
Warm regards,
 
Dr. S P Sharma
Chief Economist

Comments

Post a Comment

Popular posts from this blog

Assembly Elections 2017  Uttar Pradesh  (403/403) Punjab  (117/117) Goa  (38/40) Party Lead Won Total SP+INC 38 28 66 BJP + 193 119 312 BSP 10 10 20 RLD 00 01 1 Others 03 01 4 Party Lead Won Total SAD+BJP 01 16 17 INC 04 74 78 AAP 00 20 20 BSP 0 0 0 Others 00 02 2 Party Lead Won Total BJP 02 12 14 INC 01 13 14 AAP 0 0 0 MGP + 00 03 3 Others 00 07 7 Uttarakhand  (70/70) Manipur  (60/60)   Party Lead Won Total INC 04 07 11 BJP 15 42 57 BSP 0 0 0 UKD 0 0 0 Others 01 01 2 Party Lead Won Total INC 09 16 25 BJP 06 18 24 AITC 0 01 1 NPF 01 03 4 Others 02 04 6  
1 comment
20
Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata. December 10, 2016 Sagar Media Inc HEADLINES LEISURE POLITICS ENVIRONMENT ART & ENTERTAINMENT SPORTS ALL ARTICLES Saturday, Dec. 10, 2016 Next update in about 22 hours Archives Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata. Shared by Sagar Media Inc enkaysagar.wordpress.com  – We have the pleasure to invite you to be our distinguished speaker at our regional Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata.  We would love to have you with us a… President Park’s impeachment approved Shared by Sagar Media Inc enkaysagar.wordpress.com  – President Park Geun-hye holds a meeting with Cabinet ministers at the presidential office Cheong Wa Dae in Seoul on Dec. 9, 2016 South Korea’s parliament on Friday passed a motion to impeach Presid… Magnitude...
Post a Comment
20
Duterte proposes another UN August 21, 2016 Philippine President Rodrigo Duterte railed against the United Nations today after it called for an end to the wave of killings unleashed by his war on drugs, saying he might leave the organisation. Duterte also said the Philippines will invite China and African nations to form another global organisation in place of United Nations, as world body is not doing enough to address hunger and terrorism. There appears to be human rights working for terrorist and mafia in third world to keep their states in dire state. Two UN human rights experts last week urged Manila to stop the extra-judicial executions and killings that have escalated since Duterte won the Presidency. About 900 suspected drug traffickers have been killed since he came to power after winning the election on May 9. Leave a comment   Edit Three terrorists killed in Tangdar of Jammu August 21, 2016 Jammu & Kashmir, three unidentified militants...
Post a Comment
20