As reported by DNA Money, auto, education and personal loans have all seen a significant slowdown in their pace of growth. Despite a 12.2% growth in gross bank credit in 2018-19, retail loans have turned tepid. The retail sales of vehicles across segments declined by 8% year on year to 16.38 lakh units in April. The home loan sector, however, grew 19%, up from 13.3% in the previous fiscal, riding the priority sector housing loans. Experts believe that the slowdown in the pace of retail loans is partly a reflection of the general slowdown in the economy.

Source: dna May 10, 2019 00:22 UTC