Here's how bank credit expanded in 2012-13

The latest data by Reserve Bank of India (RBI) released on Tuesday showed the segment-wise growth of industry credit that banks lent to individuals and companies during 2012-13. The total non-food credit increased by 14 percent year-on-year.

Below are the salient points:

• On a year-on-year (y-o-y) basis, non-food bank credit increased by 14.0 per cent in March 2013 as compared with the increase of 16.6 per cent in March 2012.
• Credit to agriculture increased by 8.1 per cent in March 2013, as compared to the increase of 13.3 per cent in March 2012.
• Credit to industry increased by 15.7 percent in March 2013 as compared with the increase of 20.3 per cent in March 2012. Deceleration in credit growth to industry was observed in major sub-sectors, barring food processing, textiles, leather and leather products, wood and wood products, chemicals and chemical products, glass and glassware, cement and cement Products, and vehicles, vehicle parts and transport equipment.
• Credit to the services sector increased by 13.6 percent in March 2013 as compared with the increase of 14.4 per cent in March 2012.
• Credit to NBFCs increased by 14.7 per cent in March 2013 as compared with the increase of 23.9 percent in March 2012.
• Personal loans increased by 14.5 percent in March 2013 as compared with the increase of 12.9 per cent in March 2012.