Credit growth to industry nil in Sept, banks pick services sector for loans

Personal loans grew 9.2 per cent year on year in September: compared to 16.6 per cent in September 2019


Growth in credit to industry was nil in the year to September, but it had grown at 2.7 per cent year on year in September 2019

Credit growth to industry was nil while banks increased lending in the services sector on a year-on-year basis in September, according to data from the Reserve Bank of India (RBI).


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First Published: Oct 29 2020 | 8:09 PM IST

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