Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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		&#039;title&#039; =&gt; &#039;Bank credit: is it growing, and where&amp;#039;s it going? -Aarati Krishnan&#039;,
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-NDTV&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit flow accelerates&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;
&lt;br /&gt;
Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;
&lt;br /&gt;
Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;
&lt;br /&gt;
In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;
&lt;br /&gt;
New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
&lt;/div&gt;&#039;,
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-NDTV

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

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	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-NDTV&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit flow accelerates&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;&lt;br /&gt;Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;&lt;br /&gt;Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;&lt;br /&gt;In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;&lt;br /&gt;New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;&lt;br /&gt;These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot; title=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&#039;,
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-NDTV&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit flow accelerates&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;
&lt;br /&gt;
Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;
&lt;br /&gt;
Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;
&lt;br /&gt;
In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;
&lt;br /&gt;
New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
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Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of...&#039;
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-NDTV

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of..."/>
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                <strong>Bank credit: is it growing, and where&#039;s it going? -Aarati Krishnan</strong></h1>
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                <div align="justify">-NDTV<br /><br /><em>Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit<br /></em><br />Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.<br /><br /><em>Credit flow accelerates<br /></em><br />RBI data shows that Indian banks&rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.<br /><br />Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.<br /><br />Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.<br /><br />In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.<br /><br />New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.<br /><br />These numbers suggest that RBI is right to take the view there&rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.<br /><br />Please <a href="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true" title="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true">click here</a> to read more.</div>               </font>
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-NDTV&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit flow accelerates&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;
&lt;br /&gt;
Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;
&lt;br /&gt;
Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;
&lt;br /&gt;
In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;
&lt;br /&gt;
New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
&lt;/div&gt;&#039;,
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-NDTV

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-NDTV&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit flow accelerates&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;&lt;br /&gt;Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;&lt;br /&gt;Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;&lt;br /&gt;In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;&lt;br /&gt;New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;&lt;br /&gt;These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot; title=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&#039;,
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-NDTV&lt;br /&gt;
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&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit flow accelerates&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;
&lt;br /&gt;
Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;
&lt;br /&gt;
Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;
&lt;br /&gt;
In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;
&lt;br /&gt;
New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
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Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of...&#039;
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-NDTV

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of..."/>
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                <strong>Bank credit: is it growing, and where&#039;s it going? -Aarati Krishnan</strong></h1>
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                <div align="justify">-NDTV<br /><br /><em>Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit<br /></em><br />Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.<br /><br /><em>Credit flow accelerates<br /></em><br />RBI data shows that Indian banks&rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.<br /><br />Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.<br /><br />Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.<br /><br />In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.<br /><br />New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.<br /><br />These numbers suggest that RBI is right to take the view there&rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.<br /><br />Please <a href="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true" title="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true">click here</a> to read more.</div>               </font>
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-NDTV&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit flow accelerates&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;
&lt;br /&gt;
Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;
&lt;br /&gt;
Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;
&lt;br /&gt;
In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;
&lt;br /&gt;
New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
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-NDTV

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-NDTV&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit flow accelerates&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;&lt;br /&gt;Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;&lt;br /&gt;Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;&lt;br /&gt;In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;&lt;br /&gt;New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;&lt;br /&gt;These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot; title=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&#039;,
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	&#039;subheading&#039; =&gt; &#039;&#039;,
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-NDTV&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Credit flow accelerates&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;
&lt;br /&gt;
Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;
&lt;br /&gt;
Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;
&lt;br /&gt;
In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;
&lt;br /&gt;
New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.
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-NDTV

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-NDTV&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&amp;rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Credit flow accelerates&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;RBI data shows that Indian banks&amp;rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.&lt;br /&gt;&lt;br /&gt;Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.&lt;br /&gt;&lt;br /&gt;Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.&lt;br /&gt;&lt;br /&gt;In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.&lt;br /&gt;&lt;br /&gt;New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.&lt;br /&gt;&lt;br /&gt;These numbers suggest that RBI is right to take the view there&amp;rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot; title=&quot;https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&#039;
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Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of..."/>
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                <strong>Bank credit: is it growing, and where&#039;s it going? -Aarati Krishnan</strong></h1>
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                <div align="justify">-NDTV<br /><br /><em>Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit<br /></em><br />Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.<br /><br /><em>Credit flow accelerates<br /></em><br />RBI data shows that Indian banks&rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.<br /><br />Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.<br /><br />Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.<br /><br />In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.<br /><br />New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.<br /><br />These numbers suggest that RBI is right to take the view there&rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.<br /><br />Please <a href="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true" title="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true">click here</a> to read more.</div>               </font>
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-NDTV<br />
<br />
<em>Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit<br />
</em><br />
Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.<br />
<br />
<em>Credit flow accelerates<br />
</em><br />
RBI data shows that Indian banks&rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.<br />
<br />
Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.<br />
<br />
Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.<br />
<br />
In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.<br />
<br />
New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.<br />
<br />
These numbers suggest that RBI is right to take the view there&rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.<br />
<br />
Please <a href="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true">click here</a> to read more.
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-NDTV

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of...',
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-NDTV<br />
<br />
<em>Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit<br />
</em><br />
Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.<br />
<br />
<em>Credit flow accelerates<br />
</em><br />
RBI data shows that Indian banks&rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.<br />
<br />
Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.<br />
<br />
Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.<br />
<br />
In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.<br />
<br />
New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.<br />
<br />
These numbers suggest that RBI is right to take the view there&rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.<br />
<br />
Please <a href="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true">click here</a> to read more.
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$metaTitle = 'LATEST NEWS UPDATES | Bank credit: is it growing, and where&#039;s it going? -Aarati Krishnan'
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-NDTV

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of...'
$disp = '<div align="justify">-NDTV<br /><br /><em>Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit<br /></em><br />Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who&rsquo;s right? An analysis of RBI data on the deployment of bank credit yields some answers.<br /><br /><em>Credit flow accelerates<br /></em><br />RBI data shows that Indian banks&rsquo; non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%.<br /><br />Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion.<br /><br />Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17.<br /><br />In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average.<br /><br />New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore.<br /><br />These numbers suggest that RBI is right to take the view there&rsquo;s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework.<br /><br />Please <a href="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true" title="https://www.thehindu.com/business/bank-credit-is-it-growing-and-wheres-it-going/article25758721.ece?homepage=true">click here</a> to read more.</div>'
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Bank credit: is it growing, and where's it going? -Aarati Krishnan

-NDTV Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut. So who’s right? An analysis of RBI data on the deployment of bank credit yields some answers. Credit flow accelerates RBI data shows that Indian banks’ non-food credit growth, which had slumped to 7-8% in the three years to October 2017, got back to double-digit growth in the last one year (October 2017 to October 2018) at 13%. Historically, bank credit in India has either matched or grown ahead of nominal GDP. In the three years from FY15 to FY18, bank credit growth at 7-9% lagged nominal GDP growth of 10-11%. But as the nominal growth rate picked up to 12.8% in the first half of this fiscal, bank credit has matched this expansion. Absolute numbers on net credit flow make it even clearer that banks have stepped up their lending. In the year from October 2017 to October 2018, banks added a net Rs. 9.44 lakh crore to their outstanding loan books. This reflects new credit flow to the economy. It is more than twice the Rs. 4.7 lakh crore addition in October 2016-17. In fact, in absolute terms, net bank credit flow in the past year has been at its highest level in a decade. In the nine years from 2007-08 to 2016-17, banks added Rs. 5.1 lakh crore every year to their loan books on an average. New loans to industry were at Rs. 97,029 crore in the year ended October 2018, against Rs. 75,100 crore last year. Services bagged Rs. 4.74 lakh crore this year against Rs. 2.17 lakh crore. Retail loans were plentiful too, at Rs. 2.9 lakh crore in the year ending October 2018 compared to Rs. 1.15 lakh crore. Lending to MSMEs nearly doubled to Rs. 1.1 lakh crore. These numbers suggest that RBI is right to take the view there’s no systemic problem impeding bank credit, despite its sweeping a few public sector banks into the Prompt Corrective Action framework. Please click here to read more.