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Poor bank lending worries Assocham 

PRESS TRUST OF INDIA  
New Delhi, Sept 3: The Associated Chambers of Commerce and Industry of India (Assocham) has expressed concern at the inability of the banking sector to keep adequate pace with the growing credit needs of industry and particularly slowdown in lending for investments in the infrastructure sectors.

The chamber said in `99-00 the poor bank lending has constrained the medium and long-term growth prospects of the economy and, is therefore, a cause for worry. Also the tendency to ignore the claim of even the resurgent sectors while disbursing bank credit would send wrong signals to industry as despite the sharp increase in overall bank credit in `99-00 the proportionate share of gross bank credit for industrial activities has fallen sharply.

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