Personal loans by banks, NBFCs tripled in last 6 years to Rs 51.7 trillion: Report
For NBFCs, loans with a ticket size below Rs 1 lakh constituted over 85 per cent of loan originations by volume in FY23.
For NBFCs, loans with a ticket size below Rs 1 lakh constituted over 85 per cent of loan originations by volume in FY23.
In the fiscal 2019-20, all bank groups recorded moderation in credit growth, though private sector banks continued to lead the growth.
The latest cuts come after RBI, last week, had reduced repo rate by 40 basis points to 4 per cent from 4.40 per cent.
