Sensitive sectors, which include real estate, capital markets and commodities, generally follow a pattern similar to the growth in overall credit, RBI said. "This expansion needs to be seen in light of the steep rise in housing prices in all tier I cities and several tier II cities in 2012-13," the RBI said in its annual 'Trends and progress of banking in 2012-13' report.
SBI group's lending to the sensitive sectors stood at 25.6 per cent at Rs 2,37,200 crore in FY13, while for the new private sector banks, it stood at 19.8 per cent to Rs 2,52,300 crore., according to the media report. Foreign banks' loans to sensitive sectors grew 11 per cent to Rs 78,500 crore in FY13.
The RBI said FY13 was marked by a slowdown in the growth of credit to all productive sectors, like agriculture, industry and services. The slowdown was the sharpest for agriculture and allied activities which grew by mere 7.6 per cent at Rs 5,89,900 crore.
There was a slowdown in the growth of credit to the infrastructural sector within industry. The RBI said in FY13, the retail loans portfolio continued to grow in double digits as in the previous year.
The retail loan portfolio of banks grew 17.4 per cent to Rs 10,09,500 crore in the FY13 similar to 17.6 per cent growth at Rs 8,59,900 crore in FY12.
"Growth in retail loans was maintained in 2012-13 on account of a sustained double digit growth in housing loans - the largest segment of retail loans, and a rising growth in auto loans - the third major segment of retail loans." Housing loans grew 15.4 per cent to Rs 4,75,400 crore in FY13.
The central bank said during FY13 there was a rise in the growth of priority sector credit against a drop in overall credit growth during the year. The growth in priority sector credit, still, remained lower than the growth in overall credit.
Total priority sector advances of public sector banks grew 36.3 per cent to Rs 12,83,600 crore in the fiscal.
Priority sector advances of private sector banks grew 37.5 per cent to Rs 3,27,400 crore while that of foreign banks grew 35.2 per cent at Rs 1,03,300 crore.
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