Credit Allocation by Indian Commercial Banks
Published: 2019
Author(s) Name: Ramanadh Kasturi |
Author(s) Affiliation: Swarna Bharathi Institute of Management Science, Khammam, Telangana, India.
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Abstract
Bank credit plays an important role in economic development. Growth in bank credit can influence the demand for goods
and services and is a powerful tool to boost the economy, especially when there is a slowdown. On the other hand, it is important to note
that what part of bank credit is extended to each sector over a period of time, so that it will help in understanding how various sectors are
expanding and further it helps in analyzing the quality and dimension of growth. It is also a need to analyze whether the bank credit is being
extended to the sectors that are part of strategic policy initiatives. This article aims at discussing the Guidelines of the Central Bank of India
(RBI) and the credit allocation by scheduled commercial banks of India to various sectors of the economy.
Keywords: Credit Allocation, Indian Commercial Bank, Bank Credit, Credit Growth, and Sectoral Deployment
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