Indian banks report declining loan growth for fifth month, attributed to stricter lending rules.

Indian banks saw their loan growth decline for a fifth straight month in November, with credit expansion up only 11.8% year-over-year, compared to 16.5% last year. The slowdown is due to stricter lending rules imposed by the Reserve Bank of India to curb excessive lending, especially in unsecured and personal loans.

January 01, 2025
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