April 23, 2024
Loans

The rise and rise of retail loans, now over ₹50 trillion

Outstanding retail loans given by banks tipped over the ₹50 trillion milestone for the first time in November 2023, latest central bank data showed. This was aided by demand from individuals, a push by banks and the merger between HDFC Bank and erstwhile mortgage lender Housing Development Finance Corp. Ltd (HDFC). Outstanding retail loans given

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