Indian banks' loan growth to industries slowed in April from a year earlier, according to data released by the Reserve Bank of India, reflecting the lack of investment pick-up in an economy growing at the slowest pace in a decade.
The credit growth to industry was 15.5 percent year-on-year in April compared with 19.9 percent year ago, the RBI data showed.
Deceleration in credit growth was across most industries barring segments like food-processing, wood, cement, chemicals, infrastructure, paper, glass, textiles and leather, the RBI said.
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