Finance
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Believe ItLoan demand in industry surges like a ninja on a mission!
Hey, everyone! The loan demand from the industry is like a ninja on a mission, skyrocketing by 9.6% year-on-year! According to the Reserve Bank of India, Micro and Small industries are powering up with double-digit growth! Infrastructure and engineering are charging ahead too! Retail loans are slowing down a bit, but vehicle loans are revving up! Believe it!
few days ago | Aathira Varier
Quick rundown
1.Industry loan demand is gaining momentum with a 9.6% growth.
2.Retail unsecured loan growth has moderated further.
3.Gold jewellery loans skyrocketed with a 125.3% increase.
4.Vehicle loans saw a healthy rise to 12.4% growth.
5.Credit card growth significantly slowed to 2.4%.
