Non-food bank credit increased by 13% in June 2014 as compared with the increase of 13.5% in June 2013. Meanwhile, credit to agriculture increased by 18.8% in June 2014, up from 10% in June 2013.
Credit to industry increased by 10.3% in June 2014 as compared with the increase of 14.2% in June 2013. Deceleration in credit growth to industry was observed in most major sub-sectors, barring mining and quarrying, beverage and tobacco, leather and leather products, rubber, plastic and their products, glass and glassware, and construction.
While, credit to the services sector increased by 13.8% in June 2014 as compared with the increase of 12% in June 2013.
Credit to NBFCs increased by 16.3% in June 2014 as compared with the increase of 1.3% in June 2013. Personal loans increased by 14.6% in June 2014 as compared with the increase of 16.2% in June 2013.