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Loan demand in industry surges like a ninja on a mission!

Loan demand in industry surges like a ninja on a mission!

Hey, everyone! The loan demand from the industry is like a ninja on a mission, skyrocketing by 9.6% year-on-year! According to the Reserve Bank of India, Micro and Small industries are powering up with double-digit growth! Infrastructure and engineering are charging ahead too! Retail loans are slowing down a bit, but vehicle loans are revving up! Believe it!

Quick rundown

  1. Industry loan demand is gaining momentum with a 9.6% growth.
  2. Retail unsecured loan growth has moderated further.
  3. Gold jewellery loans skyrocketed with a 125.3% increase.
  4. Vehicle loans saw a healthy rise to 12.4% growth.
  5. Credit card growth significantly slowed to 2.4%.

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