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Indian banks' loans moderates in August amid slowdown in credit card debt, cenbank says

Banks' credit grew at 13.6% year-on-year last month, compared with 19.7% in August 2023, the Reserve Bank of India (RBI) said in a statement. Loan growth...


  • Oct 02 2024
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Indian banks' loans moderates in August amid slowdown in credit card debt, cenbank says
Indian banks' loans moderates in August amid slowdown in credit card debt, cenbank says
MUMBAI (Reuters) - Indian banks' loan growth moderated in August amid a slowdown in credit card debt and personal loans, central bank data showed on Monday.
Banks' credit grew at 13.6% year-on-year … [+1192 chars]

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