Banking
Total credit extended in India reached US$ 1.3 trillion in Oct-Dec 2017.

Growth of Banking Sector - Infographi

Latest update: July, 2018

  • Credit off-take has been surging ahead over the past decade, aided by strong economic growth, rising disposable incomes, increasing consumerism & easier access to credit
  • As of Q3 FY18, total credit extended surged to US$ 1,288.1 billion.
  • Credit to non-food industries increased by 9.53 per cent reaching US$ 1,120.42 billion in January 2018 from US$ 1,022.98 billion during the previous financial year.
  • Demand has grown for both corporate & retail loans; particularly the services, real estate, consumer durables & agriculture allied sectors have led the growth in credit.
  • The digital payments revolution will trigger massive changes in the way credit is disbursed in India.^
Growth

Notes: CAGR - Compounded Annual Growth Rate, * - FY18 data upto December 2017, ^ - according to Mr Amitabh Kant, CEO of NITI Aayog
Source: Reserve Bank of India (RBI), Aranca Research;

Banking India

Growth in money supply over past few years (US$ billion)
Gross NPAs to Gross Advances in India

 

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