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Corporate, personal loans drive 63% of bank credit growth: SBI research report
Corporate and retail loans fueled bank credit growth during the April-June quarter. Industry and personal loans together accounted for sixty-three percent of this expansion. Petroleum, infrastructure, engineering, and chemicals led industry credit growth significantly. Loans against gold jewellery emerged as the top personal lending contributor. These key sectors drove the overall increase in bank lending.
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economictimes.indiatimes.com
Loan growth remains strong, shows latest RBI sectoral data
Banking credit to industries showed robust growth, increasing 19.2 percent year on year. Personal loan growth also remained strong, rising 16 percent compared to last year. Medium…
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Bank credit to industry up 19%, personal loans stay strong
Banking credit to industry saw a robust 19% year-on-year increase. Personal loan growth also remained strong, expanding 16% compared to last year. Loans against gold jewellery…
