Industry Loan Demand Races Ahead, Vehicle Loans Lead the Pack!

The demand for loans in the industry is picking up speed, showing a 9.6% increase year-on-year as of November, according to the Reserve Bank of India. While retail loans are slowing down, vehicle loans are zooming ahead with a 12.4% growth! It seems like the small and medium industries are partying hard with double-digit growth, while housing and credit cards are taking a little break.