Jun’23 sectoral credit deployment: Non-food credit growth accelerates to 16.3% YoY; growth driven by services and retail, while industry growth is still a laggard
Banks’ sector deployment data for Jun’23 (as of 30 Jun’23) suggests overall non-food credit now stands at INR 143.6trn, up 16.3% YoY and 3.7% MoM. There is acceleration in credit growth YoY for all four sub-segments though the growth has been driven by services and retail while industry growth is still a laggard.