MUMBAI Bank credit growth declined to 8.5% in January from 13.5% in the year-ago period led by a sharp slowdown in loans to the services sector, according to the Reserve Bank of India (RBI) data. Growth in advances to the services sector decelerated to 8.9% from 23.9% in January 2019. Bank loan growth to non-banking financial companies (NBFCS) slowed to 32.2% in the reporting month from a growth of 48.3% a year-ago. During the month, personal loans segment grew by 16.9%.