Pace of lending to infrastructure sector tumbles sharply to 1.8% in May
The pace of lending to the infrastructure sector, including power and roads, fell sharply to 1.8 per cent year-on-year (YoY) in May, 2023 compared to 9.8 per cent in May, 2022.
Within the segment, the growth in loans to the power sector was at 0.3 per cent YoY in May 2023, down from 9.3 per cent in May 2022. The RBI data showed that outstanding credit to power sector stood at Rs 6.17 trillion in May.
According to Reserve Bank of India data, the outstanding bank credit to power sector was Rs 6.17 trillion in May 2023. The share of power sector loans is around half of the bank’s infrastructure loan portfolio of Rs 12.22 trillion as of May 2023.
