Substantial drop in credit growth (YoY) across sectors as momentum turned negative: SBI
Credit growth across all sectors has significantly declined, with substantial slowdowns in agriculture, industry, services, and personal loans. Despite credit to housing and consumer durables sharply falling, chemicals, construction, and rubber/plastic/paper industries have shown resilient credit disbursements. Metro areas dominate credit distribution, highlighting a need for greater focus on rural and semi-urban regions.
