Value of gross bank credit in services sector FY 2019-2023, by segment

Published by Sandhya Keelery, Aug 30, 2024
In financial year 2023, Indian banks had deployed over 36 trillion Indian rupees to the services sector. This was an increase by around 19 percent compared to the previous year. The lion's share of credits went to non-banking financial companies (NBFC) with almost 12 trillion Indian rupees.

Total value of gross bank credit in services sector in India from financial year 2019 to 2023, by segment (in trillion Indian rupees)

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Release date

January 2024

Region

India

Survey time period

FY 2019 to FY 2023

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of April 2024).
Values have been rounded.

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