INSUBCONTINENT EXCLUSIVE:
Non-food bank credit growth in May 2021 fell compared to May 2020Non-food bank credit growth decelerated and stood at 5.9 per cent in May
2021 as compared to 6.1 per cent in May 2020, according to data released by the Reserve Bank of India (RBI) on Wednesday.Non-food credit
consists of a major portion of bank credit
2021 as compared to 5.2 per cent in May 2020.At the same time though, credit growth to industry decelerated to 0.8 per cent in May 2021 from
1.7 per cent in May 2020.Size-wise, credit to medium industries registered a robust growth of 45.8 per cent in May 2021 as compared to a
May 2021 from 10.3 per cent in May 2020, mainly due to deceleration in credit growth to non banking financial companies, transport operators
and commercial real estate
However, credit to trade segment continued to perform well, registering accelerated growth of 12.4 per cent in May 2021 as compared to 7.7
per cent during the corresponding last year.Personal loans registered an accelerated growth of 12.4 per cent in May 2021 as compared to 10.6
per cent a year ago, primarily due to accelerated growth in vehicle loans and credit card outstanding.
