Retail, loans to NBFCs and large corporates prop up credit demand
Retail loans rose 20.9 per cent (y-o-y) in June 2023 compared to 18.1 per cent a year ago, mainly supported by ‘housing and ‘vehicle loans. " The rapid pace of personal (retail) loan growth (both housing and non-housing) has been supporting overall credit expansion" said a report on the state of the economy published in RBI's latest monthly bulletin.
Source: indiatimes.com
