Also, there have been changes like larger reliance on corporate bonds and a structural shift in the economy towards the services sector, he said. A few years ago, banks were persuaded by policy makers to not to give so much loans to the industrial segment given the experience of lumpy sour loans, and rather focus on retail credit to serve the financial inclusion priority.source https://economictimes.indiatimes.com/industry/banking/finance/banking/government-exhorts-banks-to-lend-more-to-industry/articleshow/94253691.cms
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