Bank's October credit growth to NBFCs slows to 6.4%, shows RBI data

Quick Summary:

The outstanding bank credit to NBFCs stood at Rs 15.36 trillion in October 2024, compared to Rs 14.

The pace of growth in credit card outstanding also decreased to 16.9 per cent, from 28 per cent during this period.

In the services segment, the growth in loans to the trade segment dropped to 12.4 per cent YoY, from 20.7 per cent YoY in October 2023.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Credit growth Finance sector Indian banks NBFCs RBI data

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 16:51:26 (3 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 24004990

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