Are more Indians taking loans?

The RBI has asked banks to increase their internal surveillance mechanisms due to the very high growth recorded in personal loans.

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This prompted the Central Bank to monitor the credit-offtake in the financial system.

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The growth in the personal loan segment comes at the cost of loans to industries, which experienced a deceleration in growth

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How much has been the increase in personal loans? Read the detailed report on the link provided.

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