Bank credit to industry tepid

Bank credit to industry tepid

Bank credit to industry grew 13.1 per cent to Rs 25.23 lakh crore in March 2014, slower than in the year ago month, as demand from mining, textile, fuel, engineering and infrastructure segments decelerated.

Credit showed an increase of 15.1 per cent in March, 2013 (Rs 22.3 lakh crore).

"Deceleration in credit growth was observed in mining and quarrying, textiles, wood and wood products, petroleum and coal product, chemical and chemical products, glass and glassware, cement and cement products, basic metals, engineering, gems and jewellery and infrastructure," RBI said.

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