Industry credit grows for first time this year in November

Personal loans increased 17.3% in November against an increase of 15.2% a year ago

Credit to industry grew one per cent for the first time this year in November, reflecting an increased demand due to busy economic activity in the second half of the year. This is against a contraction of 3.4 per cent in the year-ago period, according to the Reserve Bank of India data.

This was led by 0.8 per cent growth of large enterprises, 4.6 per cent growth of micro and small enterprises, and a slowdown of contraction to 8.3 per cent for mid-sized entities.
 

“Credit to major sub-sectors such as infrastructure, vehicles, vehicle parts and transport equipment, basic metal and metal