New Student User- Use Code HELLO

Register Now

Credit offtake remains Robust in April Across all Sectors

Published on June 01, 2022
Current Context: According to the Reserve Bank of India data report, credit to industry enhanced to 8.1% in April 2022 which is, higher than 7.1% in March 2022.
Credit offtake remains Robust in April Across all Sectors
  • In the first month of the new financial year April, it has been observed that credit offtake continued to be vigorous across all sectors like farming, industry, services, and retail.
  • As per data credit to medium-sized industries registered a growth of 53.5%, micro and small industries rose to 29.0% and the large industries segment also showed growth of 1.6%.
  • There has been major growth in the services sector mainly due to finance companies, trade, tourism, hotels & restaurants, and transport operators.
  • Credit growth in agriculture and allied activities has also shown an increase of 10.6 percent in April 2022.
  • The evolving patterns in credit allocation across sectors show that credit offtake remained on the higher side in the upcoming months.

Question:

Q.1 Which of the following sector has registered the highest credit growth rate in April 2022 as per the RBI report?
a. Medium Sized Industries
b. Agriculture Sector
c. Service Sector
d. Retail
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu