💨 Abstract

The Reserve Bank of India (RBI) report highlights a broad-based bank credit growth in 2023-24, with the services sector and personal loans leading the expansion, followed by agriculture and industry. RBI's stricter lending norms impacted segments like consumer durables, credit card receivables, and loans to NBFCs. The report notes a shift towards diversifying credit portfolios to enhance profitability.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖