Deposits' growth remained stable on a fortnight basis.
In April, the outstanding incremental non-food credit growth contracted by 1.2 per cent to Rs 91 trillion from Rs 92.12 trillion in March, the RBI
data had showed.
On a year-on-year basis, non-food credit growth decelerated to 7.3 per cent in April 2020 from 11.9 per cent in the same month last year, the data showed.
Loan growth to agriculture and allied activities decelerated to 3.9 per cent in April 2020, against 7.9 per cent in April 2019.
Growth in advances to the services sector decelerated to 11.2 per cent, from 16.8 per cent in April 2019.
Personal loans growth decelerated to 12.1 per cent in April 2020, compared with 15.7 per cent in April 2019.