Private sector banks accounted for 45% of incremental loans

The Reserve Bank of India (RBI) has publication titled 'Quarterly Basic Statistical Returns (BSR)1: Outstanding Credit of Scheduled Commercial Banks (SCBs), March 2023' on the Database on Indian Economy (DBIE) portal. The report presents data from 89 SCBS, excluding Regional Rural Banks, categorized by bank groups, population groups, and states.

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According to the report, bank credit growth has witnessed a significant acceleration over the past year, reaching 15.9% in March 2023, compared to 10.7% a year ago. All population groups experienced double-digit credit growth during the 2022-23 period, with bank branches in metropolitan centers accounting for 62% of total credit in March 2023.