Few takers for bank loans, says industry body Assocham

While the gross bank credit to industry has contracted by 1.5 per cent in the current financial year, up to the third week of May, dis-aggregate RBI data points towards a huge decline in gross bank credit deployment in sectors like fertiliser (down 29%), chemicals and chemical products (- 10%) and glass and glassware (7%), Assocham stated.

from Banking/Finance-Industry-Economic Times https://ift.tt/333ZQQw