Retail, agri loans grow in June as states begin to ease Covid-19 curbs

Credit in retail and farming gathered pace on a year-on-year (YoY) basis in June 2021, reflecting a rise in economic activity as states begin to ease curbs gradually.
 
However, credit growth of industry and services sector decelerated in the reporting month (June 2021), according to Reserve Bank of India data.
 
Loans to agriculture and allied activities showed an accelerated growth of 11.4 per cent in June 2021 as compared to 2.4 per cent in June 2020. Loan growth reflects better harvest in the Rabi season and prospects of a good monsoon for the third year in a row,