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Source: Economic Times

Economic Times
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Banking Sector
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1 min
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31 Aug
Published
Banking Sector
1 min read· Economic Times

Bank lending to industry grows 20% in July, RBI data shows

Bank lending to industry increased 20% year-on-year in July, according to RBI data. Agricultural advances grew faster, while overall non-food credit rose 19.1%.

Industry lending expanded slightly faster than the broader non-food credit measure in July. The reported growth rates put industry ahead by 0.9 percentage point. The supplied report does not identify the year covered by the July figures, so the numbers should be read with that limitation in mind.

Within industry, lending growth picked up for both large businesses and medium-sized enterprises. Credit to micro and small businesses continued to expand steadily. This distinction matters when reading the headline: the report describes acceleration in the larger two segments, but does not describe a similar pickup among the smallest businesses.

Agriculture recorded a stronger increase in advances than industry, although its exact growth rate is not provided. The report also gives no separate growth percentages for large, medium, micro or small industries. It therefore offers a broad picture of lending trends rather than a detailed comparison of each borrower segment.

The available text does not provide a usable services-sector credit figure. It also does not explain what drove the increases or give bank-wise lending numbers. Those gaps limit what can be concluded about individual lenders from these sector-level figures.

#RBI
Source: Economic Times