Bank loan growth pace halves in February

On a year-on-year basis, non-food bank credit growth decelerated to 7.3 per cent in February 2020 from 13.2% in February 2019, according to the latest data on sectoral flow of credit released by the Reserve Bank of India on Tuesday. Only retail loan growth accelerated marginally to 17.0% in February 2020 from 16.7 per cent in February 2019.

from Banking/Finance-Industry-Economic Times https://ift.tt/3bJPhmJ