The growth in credit to industry picked up to 4.1 % in October 2021 from a contraction of 0.7 % in October 2020.
Size-wise, credit to medium industries registered a robust growth of 48.6 % in October 2021 as compared to 20.8 % last year.
Advances to micro and small industries accelerated to 11.9 % in October 2021 from 0.7 % a year ago. Credit growth to large industries stood at 0.5 % in October 2021 as compared to a contraction of 1.8 % a year ago, the data showed.
Slowdown in credit growth of services continued, as it decelerated to 2.9 % in October from 8.6 % a year ago.
Personal loans continued to grow at a robust rate of 11.7 % in October 2021 vis-a-vis 8.7 % in October 2020 primarily due to housing, vehicle loans and loans against gold jewellery, the data showed.