Dataset, Region Wise Deployment Bank credit for July 2022, was released by RBI on Tuesday.
Credit to agriculture and allied activities grew by 13.2 per cent in July 2022 from 11.1 per cent in the year-ago period.
Credit to industry grew by 10.5 per cent in July 2022 from 0.4 per cent in the same month a year ago.
In line with the size of the industry, credit to large industries increased by 5.2 per cent. It had registered a decline of 3.8 per cent in the same period a year ago.
Credit to medium industries grew by 36.8 per cent in July 2022 as compared to 59 per cent in the previous year, while the growth of credit to micro and small industries increased from 10.5 per cent year-on-year to 28.3 per cent.
Within the industry, all engineering, basic metal and metal products, cement and cement products, chemical and chemical products, food processing, infrastructure, leather and leather products, mining and quarrying, rubber, plastics and its products, vehicles, Growth in credit accelerated to parts and transport equipment and wood and wood products in July 2022 compared to the same month last year.
However, advances in beverages and tobacco, construction, gems and jewellery, glass and glassware, paper and paper products, petroleum, coal products and nuclear fuel and textiles increased, the data showed.
Credit growth in the services sector rose to 16.5 per cent in July 2022 from 3.8 per cent a year ago, mainly due to better credit offtake to non-banking financial companies and transport operators, it showed.
The personal loan sector grew from 18.8 per cent in July 2022 to 11.9 per cent in July 2021, supported by the housing and vehicle loan segments.
data from PTI