Growth of bank credit to industry decelerates in April to 7%: RBI ...Middle East

Growth of bank credit to industry decelerated to 7 per cent in April 2023 as compared to the corresponding month in the previous year, according to Reserve Bank data. The Sectoral Deployment of Bank Credit April 2023 of the RBI also said personal loans growth registered a growth of 19.4 per cent (y-o-y) in April 2023 as against 14.4 per cent a year ago, mainly driven by housing and vehicle loans. Loan to agriculture and allied activities improved to 16.7 per cent (y-o-y) in April 2023 from 10.6 per cent a year ago. "Credit to industry registered a growth of 7 per cent (y-o-y) in April 2023 as compared with 8 per cent in April 2022," it said. Size-wise, credit to large industry rose by 5.3 p

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