Bank Credit lowers to 15.7% from 20.3%

Present in the month of March, the credit rate of banks declined to 15.7 percent from 20.3percent. Last year in the same month it was 20.3 percent, Reserve Bank said. 
This was due to borrowing was much low in  food processing, textile, leather and leather products, wood and wood furniture and credit was high in chemical and chemical products, glass furniture, cement-based products, vehicle products. Meanwhile, the growth of credit granted to the agricultural sector, most declined to 8.1 per cent. It's the same month last year it was 13.3 percent more. Banking and non-banking credit growth for financial institutions, respectively, 13.6 per cent and 14.7 per cent.