Banks' lending to the services sector grew by 15.7% compared to 21.8% in 2010-11. Within the services sector, loans to shipping and professional services took a hit showing a de-growth of 17.9% and 6.6% respectively. The credit off-take to commercial real estate grew by just 2.8% in 2011-12 as against 19.9% in 2010-11, for tourism, hotels and restaurants it slowed down from 34.22% to 15.4% in the same period.
Under the personal loan category, credit to consumer durables saw the maximum fall by posting a de-growth of 29% as against a growth of 26.7% in the previous year. Loans against fixed deposits, housing and education saw slow growth. The only breather in the personal loan category was the growth in the credit cards outstanding which stood at 12.8% in 2011-12.