While the gross bank credit to industry has contracted by 1.5 per cent in the current financial year, up to the third week of May, dis-aggregate RBI data points towards a huge decline in gross bank credit deployment in sectors like fertiliser (down 29%), chemicals and chemical products (- 10%) and glass and glassware (7%), Assocham stated.source https://economictimes.indiatimes.com/industry/banking/finance/banking/few-takers-for-bank-loans-says-industry-body-assocham/articleshow/77224682.cms
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