The economic slowdown took a heavy toll on some of the financial institutions like Industrial Development Bank of India, Industrial Finance Corporation of India and Industrial Investment Bank of India, with the cumulative loan disbursement falling by 22.4 per cent at Rs 17,878 crore (Rs 178.78 billion) in the last fiscal, while the non-performing assets mounted to over Rs 12,600 crore (Rs 126 billion).

While the major FIs - IDBI, ICICI and IIBI - have seen a drastic fall in the loan disbursement since 2000-01, the Exim Bank and Sidbi continues to post higher growth in the credit offtake, official sources said in New Delhi on Friday.

But the cumulative loan disbursement of IDBI, IFCI, Sidbi, Exim Bank and IIBI fell by 22.4 per cent to Rs 17,878 crore last fiscal from Rs 21,885 crore (Rs 218.85 billion) in 2001-02, they said.

The credit offtake from these five FIs was much higher at Rs 28,600 crore (Rs 286 billion) in 2000-01.

IDBI lent Rs 7,330 crore (Rs 73.30 billion) in the last fiscal as against Rs 6,500 crore (Rs 65 billion) in 2001-02 and Rs 8,371 crore (Rs 83.71 billion) in 2000-01.

In pursuit of its universal banking dream, ICICI too had reduced its term lending activities to a little over Rs 5,000 crore (Rs 50 billion) from Rs 20,555 crore (Rs 205.55 billion) during April-December 2001-02 and Rs 31,665 crore (Rs 316.65 billion) in 2000-01.

IIBI's loan disbursement shrunk to Rs 51.52 crore (Rs 0.51 billion) last fiscal from Rs 283 crore (Rs 2.83 billion) in 2001-02 and Rs 644 crore (Rs 6.44 billion) in 2000-01, the sources said.

Exim Bank, however, strengthened its position by posting a hefty rise in loan disbursements and reducing its NPAs.

Exim Bank's credit offtake rose to Rs 5,320 crore (Rs 53.20 billion) with buoyancy in exports and imports in the country in the last fiscal from Rs 3,453 crore (Rs 34.53 billion) in 2001-02 and Rs 1,896 crore (Rs 18.96 billion) in 2000-01.

Sidbi also hiked its loan disbursements to Rs 6,789 crore (Rs 67.89 billion) last fiscal from Rs 5,919 crore (Rs 59.19 billion) in 2001-02. The bank, catering to the small-scale industries, disbursed Rs 6,441 crore (Rs 64.41 billion) worth of loans in 2000-01.

The NPA picture among the FIs remained grim, as the NPAs mounted to over Rs 12,600 crore (Rs 126 billion) last fiscal from Rs 11,887 crore (Rs 118.87 billion) in the previous fiscal.

IDBI was saddled with Rs 7,330 crore (Rs 73.30 billion) worth of sticky assets last fiscal, compared to Rs 6,500 crore (Rs 65 billion) in 2001-02. In 2000-01, the NPAs of IDBI was much higher at Rs 8,371 crore (Rs 83.71 billion).

IFCI too mounted its bad loans to Rs 4,560 crore (Rs 45.60 billion) during the last fiscal from Rs 3,898 crore (Rs 38.98 billion) in 2001-02 and Rs 3,937 crore (Rs 39.37 billion) in 2000-01.

Sidbi saw an increase in NPAs to Rs 473 crore (Rs 4.73 billion) during the last fiscal compared to Rs 382 crore (Rs 3.82 billion) in 2001-02 and Rs 174 crore (Rs 1.74 billion) in 2000-01.

ICICI too was witnessing a rise in NPAs to Rs 3,083 crore (Rs 30.83 billion) in 2001-02 from Rs 2,982 crore (Rs 29.82 billion) in 2000-01.

Exim Bank was an exception as it drastically brought down bad loans to Rs 184 crore (Rs 1.84 billion) last fiscal when compared with Rs 407 crore (Rs 4.07 billion) in 2000-01.