April-May bank loan contraction lesser than last year's

Loan growth to all major sectors contracted during April-May, RBI data shows. Loans to industry contracted 1.5 per cent compared to 2.5 per cent dip last year. Loans to services contracted 2 per cent compared to a dip of 5.3 per cent last year. These two sectors account for about 60 per cent of the banking sector's loan portfolio.

from Banking/Finance-Industry-Economic Times https://ift.tt/38eYBOG