In February, bank lending increased by 16.5 percent, with loans to industry and services growing faster while retail loans growth moderated, as per RBI data. Non-food bank credit rose by 16.5 percent year-on-year, compared to 15.9 percent last year. Retail loans growth slowed to 18.1 percent, mainly due to decreased growth in vehicle loans and personal loans.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.