Loan growth to all major sectors contracted during April-May, RBI data shows. Loans to industry contracted 1.5 per cent compared to 2.5 per cent dip last year. Loans to services contracted 2 per cent compared to a dip of 5.3 per cent last year. These two sectors account for about 60 per cent of the banking sector's loan portfolio.source https://economictimes.indiatimes.com/industry/banking/finance/banking/april-may-bank-loan-contraction-lesser-than-last-years/articleshow/76715341.cms
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