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Unsecured Loan Growth Hits 18-Month Low As Asset Quality Woes Remain
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Unsecured Loan Growth Hits 18-Month Low As Asset Quality Woes Remain
Growth in unsecured loans has slumped to its lowest level in the last 18 months, according to the recent data released by the Reserve Bank of India.Personal loans and those extended by credit cards witnessed its slowest month, growing at 8.3% and 8.5% on-year in May, a sharp drop from 22.3% growth each in October 2023, respectively, RBI's sectoral deployment data showed.This marks the slowest expansion in the segments since November 2023, when R…
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