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Systematix Research Report
Scheduled commercial bank's non-food credit (calculated) grew by 8.7% YoY as against 6.0% in January 2021 / 11.4% in December 2021; it expanded by 2.2% on month-on-month basis to Rs 105.6 trillion.
Non-food credit growth was driven by all the sectors, agriculture / industrial / retail / services segments, expanding by 10.4% / 6.4% / 7.3% / 11.6% on a YoY basis respectively.
Post registering a strong expansion in non-food credit in Dece-21 at Rs 5.2 trillion on an incremental basis, SCB's witnessed moderate credit expansion in Jan-22 at Rs 2.26 trillion. Since the past nine months, non-food credit has been expanding gradually on net basis. Net credit expansion was strong in FYTD22 with addition of Rs 5.6 trillion versus Rs 2.3 trillion in FYTD21.
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