In fiscal year 2020, credit off-take in India was valued at 1.4 trillion U.S. dollars. There was a consistent increase since fiscal year 2011. Offtake agreements are legally binding agreements related to transactions between buyers and sellers. Banks give credit off-takes to help businesses acquire financing for future projects through the promise of future income and proof of an existing market.
The onset of the coronavirus (COVID-19) pandemic led to a contraction in credit since April 2020. This came primarily from a reduction in personal loans, and an increase in industrial ones.
Credit off-take of banks in India from financial year 2009 to 2020
(in billion U.S. dollars)
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India Brand Equity Foundation. (June 1, 2020). Credit off-take of banks in India from financial year 2009 to 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/992821/india-bank-credit-off-take/
India Brand Equity Foundation. "Credit off-take of banks in India from financial year 2009 to 2020 (in billion U.S. dollars)." Chart. June 1, 2020. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/992821/india-bank-credit-off-take/
India Brand Equity Foundation. (2020). Credit off-take of banks in India from financial year 2009 to 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/992821/india-bank-credit-off-take/
India Brand Equity Foundation. "Credit Off-take of Banks in India from Financial Year 2009 to 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Jun 2020, https://www.statista.com/statistics/992821/india-bank-credit-off-take/
India Brand Equity Foundation, Credit off-take of banks in India from financial year 2009 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/992821/india-bank-credit-off-take/ (last visited November 13, 2024)
Credit off-take of banks in India from financial year 2009 to 2020 (in billion U.S. dollars) [Graph], India Brand Equity Foundation, June 1, 2020. [Online]. Available: https://www.statista.com/statistics/992821/india-bank-credit-off-take/
