MONETARY POLICY

Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply and availability of credit with a view to achieving the ultimate objective of economic policy.


PDF document (320 kb)
Date : Nov 29, 2019
Sectoral Deployment of Bank Credit – October 2019

Data on sectoral deployment of bank credit collected from select 39 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of October 2019 are set out in Statements I and II.

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

  • On a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 8.3 per cent in October 2019 from 13.4 per cent in October 2018.

  • Credit growth to agriculture & allied activities decelerated to 7.1 per cent in October 2019 from 8.0 per cent in October 2018.

  • Credit growth to industry decelerated marginally to 3.4 per cent in October 2019 from 3.7 per cent in October 2018. Within industry, credit growth to ‘cement & cement products’, ‘beverage & tobacco’, ‘paper & paper products’ and ‘all engineering’ accelerated. However, credit growth to ‘infrastructure’, ‘food processing’, ‘textiles’, ‘basic metal & metal products’, ‘gems & jewellery’ and ‘chemicals & chemical products’ decelerated/contracted.

  • Credit growth to the services sector decelerated sharply to 6.5 per cent in October 2019 from 27.4 per cent in October 2018.

  • Personal loans growth accelerated to 17.2 per cent in October 2019 from 16.8 per cent in October 2018.

Ajit Prasad
Director  

Press Release: 2019-2020/1300


2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Archives
Top