19.12.2014, 16:59
India reported about Bank Loan To Industries
OREANDA-NEWS. As
per data compiled by the Reserve Bank of India (RBI), the outstanding credit to
industry are as under:
Thus, there is no decline in bank credit to industry. However, the growth rate of credit has slowed down. The reason for slowing down of rate of credit growth is not the process of loan sanction. The reasons for slowing down of rate of credit growth are both domestic as well as international factors which include14 global economic slowdown and decline in external demand, moderation in domestic demand, hardening of interest rates, inflationary pressure, rising input cost etc.
|
March 2012 |
March 2013 |
March 2014 |
|
|
Credit to industry |
19.37 |
22.30 |
25.23 |
|
Growth rate over the corresponding period |
- |
15.1 |
13.1 |
Thus, there is no decline in bank credit to industry. However, the growth rate of credit has slowed down. The reason for slowing down of rate of credit growth is not the process of loan sanction. The reasons for slowing down of rate of credit growth are both domestic as well as international factors which include14 global economic slowdown and decline in external demand, moderation in domestic demand, hardening of interest rates, inflationary pressure, rising input cost etc.
This information was given by the Minister of State of Finance, Shri Jayant Sinha in written reply to a question in Lok Sabha today.
Комментарии