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Non-food bank credit grows 13% in Jun'14; agri-credit up 18.8%
Source: IRIS | 01 Aug, 2014, 11.43AM
Rating: NAN / 5 stars.
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Non-food bank credit increased by 13% in June 2014 as compared with the increase of 13.5% in June 2013. Meanwhile, credit to agriculture increased by 18.8% in June 2014, up from 10% in June 2013.

Credit to industry increased by 10.3% in June 2014 as compared with the increase of 14.2% in June 2013. Deceleration in credit growth to industry was observed in most major sub-sectors, barring mining and quarrying, beverage and tobacco, leather and leather products, rubber, plastic and their products, glass and glassware, and construction.

While, credit to the services sector increased by 13.8% in June 2014 as compared with the increase of 12% in June 2013.

Credit to NBFCs increased by 16.3% in June 2014 as compared with the increase of 1.3% in June 2013. Personal loans increased by 14.6% in June 2014 as compared with the increase of 16.2% in June 2013.

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