HomeTech newsThe share of industrial loans in bank loans decreased and the share...

The share of industrial loans in bank loans decreased and the share of personal loans increased!

RBI Data on Bank Credit Growth: Banking credit growth has undergone major changes with the changing times. The Reserve Bank of India, in its report on Wednesday, has revealed that the share of the bank’s industrial loans has been gradually declining over the past decade, while the share of personal loans has increased. The increase in share is being recorded. According to the RBI Report on Bank Credit, the total share of industrial and personal bank credit has been 27-27% as of March 2022. Industrial loans have registered a growth of 4.7% this year after last year’s decline. In the beginning of September, Finance Minister Nirmala Sitharaman had advised the corporate sector to increase its investment in the manufacturing sector so that the country’s economy can grow rapidly.

Private banks distributed more loans
It has been learned from the RBI report that in recent years, private banks have increased their debt share rapidly. Along with this, there has been a rapid increase in the demand for loans in the retail sector in the market. Along with this, the number of borrowers of small loans has also increased. It has been found in the report that by March 2022, the share of debt of less than Rs 1 crore has reached 48%. At the same time, in the year 2021, the share of small debt was only 39%. At the same time, the share of debt of Rs 10 crore was 40% last year, which has increased to 49% this year.

Along with this, it has also been found from this report that the share of public sector banks in bank credit is decreasing rapidly and the share of private banks is increasing. The credit share of public sector banks stood at 54.8% till March 2022. Last year it was 65.80% and till ten years ago it was up to 74.20%. On the other hand, private banks have disbursed loans almost twice in the last 10 years. At present, their share has reached 36.90%.

Growth recorded in banks of big cities
Let us tell you that it has also been learned from the data of RBI that a tremendous increase has been registered in the branches of metro cities. It is growing at 9.2% this year instead of 1.4%. At the same time, the pace of credit growth in the branches of urban, semi-urban and rural areas has remained the same and it is still in double digits. Maharashtra has the highest share of 26.2% in the credit of banks. Delhi-NCR has 11.3%, Tamil Nadu has 9.2% and Karnataka has 6.8%.

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