19.3% y-o-y credit growth in Q4 FY24 for India's Scheduled Commercial Banks, driven by personal loans, NBFC lending, and merger impacts.

India's Scheduled Commercial Banks reported a 19.3% y-o-y credit growth for Q4 FY24, with a total outstanding credit of Rs 164.3 lakh crore by March 31, 2024. The growth is attributed to increased personal loans, NBFC lending, and merger impacts, reflecting strong demand and lending activities. The urban segment gained market share, with the western region outperforming others with a 20.4% y-o-y growth.

June 20, 2024
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