On a year-on-year basis, non-food bank credit growth decelerated to 6 per cent in August as against 9.8 per cent in the same month last year, central bank data showed.
Growth in loans to agriculture and allied activities rose 4.9 per cent in the reporting month, as compared to a growth of 6.8 per cent in August last year.
Credit growth to the services sector decelerated to 8.6 per cent from 13.3 per cent last year.
Growth in advances to industry decelerated to 0.5 per cent in August 2020 from 3.9 per cent earlier.
Personal loans continued to perform well, registering a growth of 10.6 per cent in August 2020 as against 15.6 per cent in August 2019.