NBFCs, large corporates, home loans drive credit growth in India

On a year-on-year (y-o-y) basis, non-food bank credit rose 18.3 per cent in October 2022 as compared with 6.9 per cent a year ago, according to the latest data on sectoral deployment of bank credit. An analysis of absolute growth credit between October 2021 and October 2022 indicates that four segments, NBFCs, large corporates, trade and home loans together account for 51 percent or Rs 95.5 lakh crore of the total Rs 18.8 lakh crores lent by banks during the period.

from Banking/Finance-Industry-Economic Times https://ift.tt/UoLc65Z