Data on sectoral deployment of bank credit collected on a monthly basis from select 46 scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of July 2016 are set out in Statements I and II. These data are also available in the Real-Time Handbook of Statistics on the Indian Economy (http://dbie.rbi.org.in).

Highlights of the sectoral deployment of bank credit are given below:

• On a year-on-year (y-o-y) basis, non-food bank credit increased by 8.3 per cent in July 2016 as compared with the increase of 8.4 per cent in July 2015.

• Credit to agriculture and allied activities increased by 13.4 per cent in July 2016 as compared with the increase of 12.2 per cent in July 2015.

• Credit to industry increased by 0.6 per cent in July 2016 as compared with the increase of 4.8 per cent in July 2015. Major sub-sectors which witnessed contraction in credit include food processing, infrastructure, gems & jewellery and cement & cement products.

• Credit to the services sector increased by 10.8 per cent in July 2016 as compared with the increase of 6.4 per cent in July 2015.

• Personal loans increased by 18.8 per cent in July 2016, up from 16.8 per cent in July 2015.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/558