Loans to industry, agri pick-up, while retail and services loans slow
- Posted on September 30, 2024
- By Business News Today
- 3 Views
Loans to industry, agri pick-up, while retail and services loans slow
Credit growth remained at 15% in August 2024 compared to last year. Lending to industry and agriculture accelerated, with industry credit growing 9.8% and agriculture at 17.7%. Credit to services and retail slowed, notably in NBFCs and vehicle loans, as per RBI data.
