💨 Abstract

Indian banks' loan growth moderated for the fifth consecutive month in November, due to a continued restriction on unsecured and personal loans after the Reserve Bank of India's crackdown on "exuberant" lending. The growth rate was 11.8% year-on-year, slower than the 16.5% rise in November 2023, excluding the impact of HDFC Bank's merger.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖