RBI curbs show effect; personal loan growth moderates in Q3
Personal loan growth moderated in the quarter to December following regulatory cautioning over possible overheating. The annual growth print for the personal loan segment was recorded at 13.7% at the end of December 2024 from 15.2% at the end of September, Reserve Bank of India's quarterly data showed.
Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
Total bank credit growth also decelerated to 11.8% in December 2024 from 12.6% in September.
The banking regulator said that all population groups in rural, semi-urban, urban and metropolitan branches of banks maintained double-digit credit growth, though with some moderation. This held true for both public sector and private sector banks.
Credit to agriculture and industry sectors also recorded some tempering in growth while lending for trade, finance and professional/other services accelerated during the third quarter.
About half of the loans provided by banks carried interest rates of 8% to 10% while around 16% of the loans were bearing less than 8% interest rate. The remaining loans were bearing 10% or above interest rate, RBI said.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI
