BackPersonal and farm loans dominate in bank credit
Almost half the growth in bank credit during current fiscal year till end-January was in personal loans
Premium(Naveen Kumar Saini/Mint)
Almost half the growth in bank credit during the current fiscal year (till end-January) was in personal loans (see chart). The other bright spot was farm lending, and together personal and agricultural loans amounted to almost 73% of incremental bank loans in the year to 31 March. Housing loans accounted for more than half of the increase in personal loans. Within industry, incremental lending to infrastructure amounted to 95% of total incremental bank credit. Even so, the increase in lending to infrastructure was lower than the growth in housing loans.
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Published: 04 Mar 2015, 12:41 AM IST
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