India, June 1 -- Amidst the nationwide lockdown, banks" credit to non-banking finance companies (NBFC) increased by Rs 5,000 crore in April 2020, according to an SBI report.
Among the services, credit to NBFCs, transport operators and retail traders increased in April. Credit to retail traders increased by Rs 6,900 crore and that to transport operators rose by Rs 4,300 crore, said the SBI Ecowrap report.
"YoY credit growth to industry declined to 1.7 per cent (6.9 per cent last year), services to 11.2 per cent (16.8) but on YTD basis credit growth to industry has increased. Within services, there has been an increase in credit to NBFCs, transport operators, retail traders," it said.
Generally, agriculture sector credit demand increa...