Bank Loan Data: How much loan Banks gave to each Sector – Education, Car Loan, MSME [Data PDF]

The Reserve Bank of India (RBI) has released data on the sectoral deployment of bank credit for October 2024. The data, sourced from 41 select scheduled commercial banks representing approximately 95% of total non-food credit deployed by all scheduled commercial banks, is presented in Statements I and II.

Key Highlights

• Overall Non-Food Credit:
  Non-food bank credit grew by 12.8% (y-o-y) in October 2024, down from 15.5% in the same period last year.

Sector-Wise Credit Growth

1. Agriculture and Allied Activities:
   • Credit grew by 15.5% (y-o-y) in October 2024, compared to 17.4% in October 2023.
2. Industry:
   • Credit to the industrial sector increased by 8.0% (y-o-y) in October 2024, a significant improvement from 4.8% a year ago.
   • Higher credit growth was observed in key industries such as:
     • Chemicals and chemical products.
     • Petroleum, coal products, and nuclear fuels.
     • All engineering products.
3. Services Sector:
   • Credit to the services sector rose by 14.1% (y-o-y), compared to a higher growth of 20.4% in October 2023.
   • Slower growth was primarily due to reduced credit to non-banking financial companies (NBFCs) and the trade segment.
   • However, credit to commercial real estate recorded an acceleration in growth.
4. Personal Loans:
   • Personal loan growth moderated to 15.8% (y-o-y) in October 2024, compared to 18.0% a year earlier.
   • The decline was driven by slower growth in:
     • Other personal loans.
     • Vehicle loans.
     • Credit card outstanding.
   • Notably, credit to housing, the largest sub-segment, recorded accelerated growth during this period.

This data highlights sectoral trends in credit deployment, offering insights into the performance of key segments of the economy.

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