Bank credit rose 14.7 per cent (year-on-year) in November 2013 compared with 17.6 per cent recorded in the corresponding period of the previous year.

This is according to the Reserve Bank of India’s statistics collected from select 47 scheduled commercial banks accounting for about 95 per cent of the total non-food credit.

Priority sector loans (including loans to agriculture and allied services, micro credit, export credit, education loans, loans to weaker sections, etc.) grew 24 per cent to Rs 17,14,300 crore.

Personal loans (including consumer durable loans, vehicle loans, education loans, housing, credit card, other personal items), grew 15 per cent to Rs 9,84,400 crore.

Under this category, the fastest growth was recorded by loans to consumer durables which grew 33 per cent to Rs 10,000 crore.

Credit card loans, however, reflected a slowdown, declining by 2 per cent. Credit card loans were at Rs 24,100 crore compared with Rs 24700 crore, a year ago.

Vehicle loans grew 20 per cent to Rs 1,24,000 crore, while housing loans grew 18 per cent to Rs 5,12,100 crore.