Bank credit to industry increased by 10.1% in July 2014 as compared with the increase of 15.9% in July 2013.

Deceleration in credit growth was observed in infrastructure, basic metals, textiles, chemicals and food processing industries among others, according to data release by the Reserve Bank of India.

While, credit to the services sector increased by 12.3% in July 2014 as compared with the increase of 13.3% in July 2013.

Credit to NBFCs increased by 11.5% in July 2014 as compared with the increase of 5.7% in July 2013. Personal loans increased by 14.5% in July 2014 as compared with the increase of 17.0% in July 2013.