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Aug 29, 2014
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Loans to industries stay anaemic
Growth in loans to industries continued to be anaemic in July and rose at just 10.1% year-on-year to R25,07,900 crore compared with the growth of 15.9 % in the corresponding period in July 2013, latest data from the Reserve Bank of India on Thursday showed.Credit to large industries grew only 1.8% y-o-y to R20,25,700 crore compared with a growth of 16.7% in the corresponding period last year.
Credit to micro and small industries too grew at a mere 2.3% to R3,543 crore compared with the growth of 20.3 % last year.
Source -
http://www.financialexpress.com
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