Mumbai: Led by western and southern states of India, bank credit has seen a manifold jump in the past 25 years as total outstanding credit soared to Rs68,78,500 crore from Rs1,04,300 crore during the 1990-2015 period, says the latest state-wise credit data released by the RBI. Significantly, the southern states had higher credit outstanding in 1989-90 fiscal, with an outstanding of Rs29,600 crore, while the western states had a lower Rs29,000 crore then. More From Livemint »This spike is understandable, as the western states led by Maharashtra and Gujarat overtook Tamil Nadu, Andhra and Karnataka in the industrialisation sweepstakes after the liberation in July 1991. The highest credit concentration was in the western region which had more than one-third of the total outstanding credit at Rs23,39,900 crore as of end-March 2015, says the report. Outstanding loans to Punjab and Rajasthan were at Rs1,96,600 crore and Rs2,03,000 crore, respectively as of end- March 2015.

Source: Mint June 25, 2017 06:33 UTC