Covid-19 impact: Credit growth decelerates in almost all sectors in March

SBI, however, notes that incremental credit to industry is highest in 147 months

Credit growth in almost every sector decelerated in March 2020 from a year ago as the country went into a nationwide lockdown due to the coronavirus (Covid-19) crisis, data released from the RBI showed.
 

On a year on year basis, credit growth in the banking system decelerated to 7.6 per cent in March 2020 from 12.3 per cent in March 2019. Credit growth to agriculture and allied activities decelerated to 5.2 per cent from 7.9 per cent in March 2019, and credit growth in industry decelerated to 1.4 per cent in March 2020 from 6.9 per cent a year ago.