Bank credit registers 5.8 % growth compared to last year
- During the first quarter of the current financial year, Bank credit registered 5.8% growth compared to last year.
- Personal loans accelerated to 14.8% on a year-on-year basis while bank credit to the industrial sector declined.
- Credit to individuals in the household sectors continued to rise and their share in total loans increased to 43.3% from 34.2% five years ago.
- Female borrowers had nearly 22% share in the amount of credit to individuals.