Equity

Bank credit growth (y-o-y) stood at 16.8 per cent in December 2022 (8.1 per cent a year ago) and all population groups (rural, semi-urban, urban and metropolitan) recorded double digit credit growth, according to Reserve Bank of India's latest Quarterly Basic Statistical Returns. Personal loans continued to lead the credit expansion and accounted for over a third of the incremental credit during the calendar year 2022. Growth (y-o-y) in credit to industry moderated to 9.2 per cent in December 2022 from 12.3 per cent a quarter ago. Working capital loan growth (y-o-y) accelerated to 16.6 per cent in December 2022 (5.1 per cent a year ago). The share of female borrowers in total credit to individuals stood at 22.7 per cent in December 2022. Private sector banks continued to outpace their public sector counterparts in credit growth and accounted for 38.4 per cent share in total credit in December 2022 (37.7 per cent a year ago and 30.0 per cent five years ago).

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