For credit cards, the credit slowed to 26.1 per cent in May 2019 from 33.1 per cent. The pace of credit in housing segment bucked the trend. The home loans growth improved to 18.7 per cent in May 2019 from 15.5 per cent a year ago.
The outstanding credit in retail category stood at Rs 22.14 trillion in May 2019 as against Rs 19.93 trillion in May 2018.
On YoY basis, non-food bank credit increased by 11.4 per cent in May 2019 as compared with an increase of 11.1 per cent in May 2018.
Credit to agriculture & allied activities increased by 7.8 per cent in May 2019 as compared with an increase of 6.4 per cent in May 2018.
Credit to industry rose by 6.4 per cent in May 2019 as compared with an increase of 1.4 per cent in May 2018.
Credit growth to ‘infrastructure’, ‘chemical & chemical products’, ‘vehicles, vehicle parts & transport equipment’ accelerated.
However, credit growth to ‘basic metal & metal products’, ‘textiles’, ‘food processing’ and ‘petroleum, coal products & nuclear fuels’ decelerated/contracted.
Credit growth to the services sector decelerated to 14.8 per cent in May 2019 as compared with 21.9 per cent in May 2018.