As per the latest credit data, outstanding non-food credit growth remained firm at 14.7% YoY in Feb'14 but moderated to 1.4% MoM (vs. 1.7% in Feb'13) largely on account of slower industrial segment growth, according to Religare Institutional Research.

''Industry credit growth at 13.2% YoY (1.5% MoM) was led by infrastructure (power & roads), food processing and metals.''

''Retail credit remained robust, growing 16.5% YoY (0.7% MoM), dominated by housing and vehicle loans. Services segment growth too held strong at 17.1% YoY (2.3% MoM),'' it added.

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