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Banks' loan growth drops for fifth straight month in Nov
Financial Express Kochi
|January 02, 2025
BANKS' CREDIT GROWTH moderated for the fifth straight month in November, driven by a slowdown in unsecured and personal loan segments, data released by the Reserve Bank of India (RBI) showed.
Banks' credit increased by 11.8% year-on-year in November, compared to a 16.5% rise in the same month in 2023, excluding the impact of HDFC Bank's merger with its parent, Housing Development Finance Corp, showed the latest data. Including the impact of the merger, banks' loans grew 10.6% in November, compared with nearly 21% in the year-ago period.
This story is from the January 02, 2025 edition of Financial Express Kochi.
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