Chennai: Small Industries Development Bank of India (SIDBI) has launched its fourth edition of ‘Industry Spotlight’ that analyses the ‘Electrical Machinery’ industry.
According to the report, the total amount of credit availed by the sector as of March 2021 stood at Rs.94.8 thousand crore which witnessed a Y-o-Y increase of 3.2 per cent. The report also states that the number of active loans (volume), in the sector stood at 199.49 thousand, as of March 2021.
The industry observed a quarterly decline in NPAs since December.2018. The Y-o-Y NPA improved by 5.83 per cent in Mar 2021 and stood at 13.6 per cent; while Q-o-Q reduced by 0.35 per cent.