Non-food bank credit increased by 12.6% in July 2014 as compared with the increase of 14.8% in July 2013. Meanwhile, credit to agriculture increased by 19.5% in July 2014, up from 10.5% in July 2013.

Credit to industry increased by 10.1% in July 2014 as compared with the increase of 15.9% in July 2013. Deceleration in credit growth was observed in infrastructure, basic metals, textiles, chemicals and food processing industries among others.

While, credit to the services sector increased by 12.3% in July 2014 as compared with the increase of 13.3% in July 2013.

Credit to NBFCs increased by 11.5% in July 2014 as compared with the increase of 5.7% in July 2013. Personal loans increased by 14.5% in July 2014 as compared with the increase of 17.0% in July 2013.