Bank lending slows across sectors, rises for industries

Loans to industry rose by 8.1% YoY as of the fortnight ended November 29, 2024, compared to 5.5% for the corresponding fortnight of the previous year. Among the major industries, credit to 'chemicals and chemical products', 'infrastructure', 'petroleum, coal products and nuclear fuels', and 'all engineering' recorded a higher growth, the RBI said in a release.