Industrial credit falls as companies deleverage

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%.

via Economictimes

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