Banking Wizards Unleash 34% Credit Spell on NBFCs in May

In the enchanted realm of finance, where banks wield their magical powers, credit to non-banking financial companies has soared by a dazzling 33.7% to a whopping Rs 20.9 trillion by May's end. Trade credit has risen like a phoenix to 17.3%, casting a spell over the services sector, which grew by 20.4%. Housing loans have also joined the magical fray, enchanting borrowers with a 10.9% increase!