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Bank loans to individuals grew at 6-year low in February says RBI

Bank loans to individuals grew at 6-year low in February says RBI

Saturday, April 1, 2017, 8:39 AM

Bank loans to individuals recorded their weakest growth in six years in February, expanding at just 12% year-on-year to Rs.15.4 lakh crore, RBI data showed. In February 2016, retail credit had grown at robust 19.2% over February 2015. Loans to individuals had been clocking growth rates in the mid-to-late teens since May 2015 before signs of a slowdown began to surface in November 2016.
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