RBI data shows credit to industry rises 13.5 per cent in February

Bank credit to industry saw a significant jump. Growth accelerated to 13.5 percent by February 28.

Key takeaways

Quick scan — what you need to know:

• Bank credit to industry saw a significant jump.
• Growth accelerated to 13.5 percent by February 28.
• This is a notable increase from 7.5 percent last year.
• Key sectors like infrastructure and textiles drove this expansion.

Background

What led here, in plain terms:

• Services and personal loans also showed strong year-on-year growth.
• Agriculture and allied activities also registered expansion.
• Bank credit to industry saw a significant jump.
• Growth accelerated to 13.5 percent by February 28.

Why it matters

Why readers and decision-makers should care:

• This is a notable increase from 7.5 percent last year.
• Key sectors like infrastructure and textiles drove this expansion.
• Services and personal loans also showed strong year-on-year growth.