Industrial sector's share in bank credit falls sharply as corporates deleverage, seek out new fund sources

Loans to the private sector declined from 37.6% in 2014 to 27.7% at the end of March 2021. Corporate credit acceleration in govt-owned enterprises was offset by the sharp decline in credit to private sector partly due to de-leveraging. During the same period personal loans grew from 16.2 to 26.3%, in which housing loans grew from 8.5% to 13.8%.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Up9FGo