MANU/RPRL/0445/2022

Ministry : Reserve Bank of India

Department/Board : Press Release

Press Release No. : 2022-2023/953

Date : 28.09.2022

Notification/ Circulars Referred : October 08, 2021 MANU/RPRL/0164/2021

Referred IN

Citing Reference:
October 08, 2021 MANU/RPRL/0164/2021  Referred

Basic Statistical Return on Credit by Scheduled Commercial Banks in India - March 2022

Today, the Reserve Bank released the web publication 'Basic Statistical Return on Credit by Scheduled Commercial Banks (SCBs) in India - March 2022' on its Database on Indian Economy (DBIE) portal (web-link: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!19). The publication provides information on various characteristics of bank credit, based on data submitted by SCBs (including Regional Rural Banks) under the annual Basic Statistical Return (BSR) - 1 system, which collects information on type of account, organisation, occupation/activity and category of the borrower, district and population group of the place of utilisation of credit, rate of interest, credit limit and amount outstanding.

Main Findings:

• Bank branches in urban, semi-urban, and rural areas maintained double-digit annual (y-o-y) growth in credit in March 2022, whereas credit growth for metropolitan branches increased significantly to 9.2 per cent from 1.4 per cent in the previous year.

• Over the last five years, the credit shares of rural, semi-urban and urban branches have gone up at the cost of metropolitan branches of banks, which still accounted for nearly 60 per cent of total credit of SCBs in March 2022 (65.2 per cent five years ago).

• All the bank groups recorded robust credit growth during 2021-22.

• The declining share of public sector banks (PSBs) to total bank credit has continued: PSBs' share in total credit by SCBs stood at 54.8 per cent in March 2022 as compared with 65.8 per cent five years ago and 74.2 per cent ten years ago. On the other hand, the share of private sector banks nearly doubled to 36.9 per cent over the last ten years.

• Agriculture........