Credit Industry India

Credit Industry India





Credit to industry increased by 12.3% in April 2014 as compared with 13.1% in March 2014. Deceleration in credit growth to industry was observed in all the major sub-sectors, barring mining and quarrying, beverage and tobacco, rubber, plastic and their products, petroleum, coal products and nuclear fuels, leather and leather products, glass and glassware, vehicles and construction.
 The services sector credit increased by 17.1% in April 2014 as compared with 16.1% in March 2014. Personal loans stand at 14.5% in April 2014 as compared with 15.5% in March 2014. Growth in the components of personal loans in April 2014 stood at housing (17.1%), advances against fixed deposits ((-)1.4%), advances to individuals against shares, bonds, etc. (13%), education (9.7%) and vehicle loans (17.4%).  Source: PHD Research Bureau, compiled from RBI

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