Growth to large industries and medium and small scale businesses shrank in FY20 till November but retail and housing loans grew strongly, RBI data showed.

Loans to NBFCs also grew strongly though the growth was slower than in FY19 thanks to problems in select firms.

Retail loans grew 16.40 per cent in 12 months ended November 2019, down marginally from 17.20 per cent growth in the previous year. Retail loan growth during the period from April to November 2019 was 8.30 per cent same as the 2018 figure.

Housing loans jumped 18.30 per cent in November 18-Nov 19 and by 9.90 per cent in April-Nov 2019. In 2018, the growth was 10.60 per cent. Auto loans slowed sharply.

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