In the 2021 financial year, revenue from loans to individuals, contracts for industrial loans increased



IN The domestic scenario showed a sharp contrast in terms of sectoral lending in fiscal 21, with retail loans up a robust 13.5%, while industrial lending growth remained negative throughout the last fiscal year.

Data released by the Reserve Bank of India (RBI) also showed that lending to the household sector rose 10.9% year on year (YoY).

The share of loans to the household sector in total loans increased to 52.6% in March 2021 from 49.8% a year earlier. for March 2021 “.

“Nevertheless, the growth of credit to the private corporate sector declined for the sixth consecutive quarter, and its share in the total volume of loans was 28.3%,” the statement said.

Working capital loans in the form of cash loans, overdrafts and demand loans, which account for a third of total loans, were made during 2020-2021.

Private sector Having recorded a higher growth in loans compared to other groups of banks, their share in the total volume of loans increased to 36.5% in March 2021 from 35.4% a year ago and 24.8% five years ago.

The weighted average lending rate (WALR) on outstanding loans decreased by 91 basis points during 2020-2021, including a decrease of 21 basis points during the fourth quarter of 2020-2021.

In addition, the data also showed that at bank branches in urban, suburban and rural areas, credit growth was in double-digit (YoY) in March 2021, while urban branches, which accounted for 63% of bank loans, were the growth of loans was recorded by 1.4%.


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(Only the title and image of this report may have been revised by Business Standard staff; the rest of the content is generated automatically from the syndicated feed.)

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