Sector deployment of bank credit – December 2021



भारतीय रज़वबक



संचारिवभाग, ीयकायार्लय, एस.बी.एस.मागर्, फोटर्, मुंबई-400001

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Communications DepartmentCentral Office, SBSMarg, Fort, Mumbai-400001

मेल/E-mail : [email protected]

फोन/Telephone: 022- 22660502

January 31, 2022

Bank Credit Sector Deployment – December 2021

Data on sectoral deployment of bank credit collected from 35 regular commercial banks, representing approximately 90% of the total non-food credit deployed by all regular commercial banks, for the month of December 2021, is presented in Declarations I and II.

On an annual basis (yoy), non-food bank credit1 recorded a growth of 9.3% in December 2021 compared to 6.6% a year ago.

The highlights of the sectoral deployment of bank credit are presented below:

  • Credit to agriculture and related activities continued to perform well, recording robust growth of 14.5% in December 2021 compared to 7.7% in December 2020.
  • Industrial credit growth improved significantly, from 0.4% in December 2020 to 7.6% in December 2021. From a size perspective, credit to medium-sized industries recorded high double-digit growth of 86.5% in December 2021, compared to 17.1% last year. Micro and small industry credit growth accelerated to 20.5% in December 2021 from 1.3% a year ago. Loans to large industries recorded growth of 1.3% in December 2021 compared to a contraction of 0.5% a year ago.
  • Within industry, growth in credit to ‘all engineering trades’, ‘beverages and tobacco’, ‘chemicals and chemicals’, ‘infrastructure’, ‘leather and leather products’, ‘mining and quarrying’, ‘petroleum, coal products and nuclear fuels’, ‘plastic rubber and their products’, ‘textiles’ and ‘wood and wood products’ accelerated in December 2021 compared to the corresponding month of the previous year. However, the growth in credit to “base metals and metal products”, “cement and cement products”, “construction”, “agribusiness”, “precious stones and jewellery”, “glass and glassware”, “paper and paper” and “vehicles, vehicle parts and transportation equipment’ slowed/contracted.
  • Credit growth to the services sector accelerated to 10.8% in December 2021, from 8.0% a year ago, mainly due to a significant improvement in credit growth to NBFCs .
  • Credit to the personal loan segment continued to grow at a healthy pace and increased by 14.3% in December 2021 against 8.8% a year ago. Housing remained the primary driver of overall segment growth.

Press release: 2021-2022/1642

Ajit Prasad

Director (Communication)

1 Non-food credit data is based on Section – 42 reporting, which covers all Regular Commercial Banks (SCB).


Reserve Bank of India published this content on January 31, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 31, 2022 11:39:12 AM UTC.

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