RBI Governor Das says demand for bank credit likely to pick next year onwards

NEW DELHI: Demand for bank credit is likely to see a rise from the next year, RBI Governor Shaktikanta Das said on Wednesday.

In a conversation with Business Standard, RBI Governor Shakitkanta Das said investment credit and the demand from the corporate sector would pick up from the next year.

Das added that in his recent conversations with leading banks, both public sector and private, he had been given feedback that the demand for credit would see an increase from the next year.

Latest RBI data on sectoral deployment of credit showed that Indian banks’ non-food credit growth rose to 6.8 per cent in September 2021 as against 5.1 per cent a year ago.

Agricultural and allied activity loans showed more robust growth, jumping to 9.9 per cent in September as against 6.2 per cent a year ago.