The impact of liquidity easing and prudential measures is reflected in the credit growth in the year ended June 2009 at 15.8 per cent against 26.3 per cent in the previous year. Though there was slowing down in the period after October 2008, the credit growth in the period October 2008 to June 2009 clocked annualised rate of 8.9 per cent.
The credit growth during November 2008 – May 2009 was higher than average for sectors such as infrastructure, real estate, NBFCs, SME, agriculture and certain industries like iron and steel.