 "consumption, Credit, consumer durable loans, finance")
The sharp moderation in loan offtake in farming plus allied activities and services sector dragged the pace of banks’ non-food credit down to 10.2 per cent year-on-year (Y-o-Y) in the fortnight ended June 27, 2025 from 13.8 per cent growth reported during the same period a year ago.
The pace of credit growth on a Y-o-Y basis in retail and industrial credit also moderated in June 2025, Reserve Bank of India (RBI) data showed.
The RBI, in a statement, said, the credit to the services sector moderated substantially to 9.6 per cent Y-o-Y at the end of June 27, 2025,
