Indian banks' credit to industry grew at a sluggish pace in January compared with year ago, data from the Reserve Bank of India (RBI) showed on Tuesday.Credit to industry increased by 15.2 percent in January, slower than the 20.2 percent increase in the year-ago period, the RBI said in a statement.
However, credit to sectors such as chemicals, coal products and nuclear fuels, wood and leather grew faster than a year ago, the statement said.
Overall, non-food credit grew 14.6 in January, slower than 15.9 percent a year ago.
Banks' credit to the agriculture sector increased by 19.8 percent in January, up from 6.3 percent a year ago, it said.
Credit to the services sector increased by 12.0 percent in January, up from 15.1