Infrastructure credit grows marginally to Rs 22.6 lakh cr in H1FY21: Report

Infrastructure credit by banks and NBFC-IFCs in the country marginally grew to Rs 22.6 lakh crore in the first half of the current fiscal compared to Rs 22.5 lakh crore in 2019-20, says a report.

While the infrastructure credit grew 7 per cent in FY2020 (19 per cent in FY2019) to Rs 22.5 lakh crore as on March 31, 2020, it increased marginally to Rs 22.6 lakh crore as on September 30, 2020, Icra Ratings said in the report.

According to Icra’s vice president and head (financial sector ratings) Manushree Saggar, the tepidness in infrastructure credit in first half of 2020-21 was primarily due to the sequential degrowth (10 per cent) in banking sector credit to the infrastructure segment.