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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Reserve Bank of India. (January 1, 2024). Total value of gross bank credit in services sector in India from financial year 2019 to 2023, by segment (in trillion Indian rupees) [Graph]. In Statista. Retrieved April 24, 2024, from https://www.statista.com/statistics/1223145/india-value-of-gross-bank-credits-in-services-sector/
Reserve Bank of India. "Total value of gross bank credit in services sector in India from financial year 2019 to 2023, by segment (in trillion Indian rupees)." Chart. January 1, 2024. Statista. Accessed April 24, 2024. https://www.statista.com/statistics/1223145/india-value-of-gross-bank-credits-in-services-sector/
Reserve Bank of India. (2024). Total value of gross bank credit in services sector in India from financial year 2019 to 2023, by segment (in trillion Indian rupees). Statista. Statista Inc.. Accessed: April 24, 2024. https://www.statista.com/statistics/1223145/india-value-of-gross-bank-credits-in-services-sector/
Reserve Bank of India. "Total Value of Gross Bank Credit in Services Sector in India from Financial Year 2019 to 2023, by Segment (in Trillion Indian Rupees)." Statista, Statista Inc., 1 Jan 2024, https://www.statista.com/statistics/1223145/india-value-of-gross-bank-credits-in-services-sector/
Reserve Bank of India, Total value of gross bank credit in services sector in India from financial year 2019 to 2023, by segment (in trillion Indian rupees) Statista, https://www.statista.com/statistics/1223145/india-value-of-gross-bank-credits-in-services-sector/ (last visited April 24, 2024)
Total value of gross bank credit in services sector in India from financial year 2019 to 2023, by segment (in trillion Indian rupees) [Graph], Reserve Bank of India, January 1, 2024. [Online]. Available: https://www.statista.com/statistics/1223145/india-value-of-gross-bank-credits-in-services-sector/