May 31, 2012, 06.52 PM | Source: Reuters
BANK-LOANS-RBI:April industry, services sector loan growth slows: RBI
Credit to industry rose by 19.5 percent during the month, slower than 25.9 percent in the previous year-ago period, while loans to agriculture increased by 14.6 percent, compared with 12 percent growth.
Credit to the services sector also grew at a slower 15.8 percent in April, compared with a 24.1 percent growth in the previous year.
Advances growth to non-bank finance companies slowed to 36.2 percent from 55.7 percent and the commercial real estate sector to 5.8 percent from 21.9 percent.
(Reporting by Shamik Paul; editing by Malini Menon)