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India's infrastructure lending just hit a 6 year high and it might be because of telecom sector - Report

Infra News - Published on Wed, 22 May 2019

Image Source: Livemint
Business Insider reported that as a credit crunch hurts India’s shadow banks, it seems that commercial lenders are stepping in to meet credit demand. Bank lending to the infrastructure sector hit a 6 year high in 2018-2019. This is all the more impressive as total lending to the infrastructure sector had declined for two years prior to the recent financial year.

As per the Reserve Bank of India’s data on sectoral deployment of bank credit, total credit for the purposes of infrastructure rose by 18.5% to INR 10.6 trillion in March 2019, the highest figure recorded since 2013, when infrastructure lending rose by 16.5%. This is equivalent to INR 1.65 trillion worth of new loans.

However, the overall growth of credit, was around 13.2% for last year, also driven by loans to the retail and services sector.

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Posted By : Rabi Wangkhem on Wed, 22 May 2019
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