While the share of bank credit to the commercial sector remains high, retail credit is picking up pace. Personal loans contributed 48.6% to the incremental credit in March 2018, a sharp rise from 20% in March 2013. Data from RBI show that industry's share in credit has remained at a third over the years, followed by personal loans and services. Credit to industry that was growing above 20% until 2011-12 contracted in 2016-17 and recovered only in November 2017. The pick-up in credit since May 2017 was driven by private sector banks, while public sector banks continue to lag because of the large non-performing loans. Personal loans have registered above-average growth, driven by housing and automobile loans. However, auto loan growth has moderated of late, clearly reflected in slowing auto sales growth. Housing and vehicle loans account for more than 60% of the personal loan portfolio, with the former remaining the main driver of credit growth.