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RBI data shows slower credit growth in major sectors
July 1, 2013July 1, 2013by In Infrastructure Finance

RBI data shows slower credit growth in major sectors

Mirroring the continuing slowdown in Indian economy, bank credit to all major sectors, barring personal loans, continued to grow at a slower pace than last year, said the country's apex bank Reserve Bank of India (RBI) data. RBI's sectoral credit data said that personal loans showed a rise of 16.3 per cent in May this year, compared to 13 per cent in May last year.