MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a) : As per repent of Reserve Bank of India (RBI), total outstanding non-food gross bank
credit, non-agricultural loans and loans to real estate sector as on May 2007 are as under:
(Rs.Crore) Outstanding as on May 2007
Total Non-food Gross Credit 17,52,349(100)
Non-agricultural Loan 15,30,307(87.3)
Of which, Real Estate Loans 46,295(2.6)
Note : 1. Data are provisional and relate to select Scheduled Commercial Banks.
2. Figures in parentheses provide the share in total non-food gross bank credit.
(b) & (c): As per information received from RBI in this regard, the loans outstanding for
the commercial real estate sector have increased by 8.3 per cent between March 2007 and
June 2007.
(d) & (e) : In the Third Quarter Review of the Animal Statement on Monetary Policy of RBI
for 2006-07, it was observed that the continued high credit growth in real estate sector,
outstanding credit card receivable, loans and advances qualifying as capital market exposure
and personal loins is matter of concern. Therefore, it became imperative to increase the
provisioning requirement with respect to standard assets in the aforesaid four categories
of loans and advances (excluding residential housing loans) by two per cent from the existing
level of one pei cent, in order to ensure that asset quality is maintained in the light of
high credit growth.
