The personal loans sector registered an accelerated growth of 11.9 percent in June 2021: RBI

-
The personal loans sector registered an accelerated growth of 11.9 percent in June 2021: RBI

RBI further said the credit growth to industry contracted by 0.3 per cent in June 2021 from 2.2 per cent growth in June 2020



Personal loans registered an accelerated growth of 11.9 per cent in June 2021 as compared to 10.4 per cent recorded last year, according to data released by the Reserve Bank of India (RBI) on Friday.

"Personal loans registered an accelerated growth of 11.9 per cent in June 2021 as compared to 10.4 per cent a year ago, primarily due to accelerated growth in loans against gold jewellery and vehicle loans" the RBI said. The apex bank also said that on a year-on-year basis, non-food bank credit growth stood at 5.9 per cent in June 2021 as compared to 6 per cent in June 2020.





"Credit to agriculture and allied activities continued to perform well, registering an accelerated growth of 11.4 per cent in June 2021 as compared to 2.4 per cent in June 2020," the RBI data showed.

RBI further said the credit growth to industry contracted by 0.3 per cent in June 2021 from 2.2 per cent growth in June 2020. Credit growth to the services sector decelerated to 2.9 per cent in June 2021 from 10.7 per cent in June 2020. 


https://www.digpu.com/finance/the-personal-loans-sector-registered-an-accelerated-growth-of-11-9-percent-in-june-2021-rbi

Comments

Post a Comment

Popular posts from this blog

Adnan Safee, Executive Producer, Nine Angle Productions To Make Short Films On Royal Families Of India

-
Image
Nine Angle Productions, a prolific producer of TV commercials, radio spots, jingles and short films, incepted the market in 2011. Based in Mumbai and Delhi, it has been adding colossal value to the Indian as well as overseas motion picture industry ever since.  Interestingly, the  Lok Sabha Elections Campaign 2019  was successfully executed by  Adnan Safee, Executive Producer, Nine Angle Productions . He has also worked with reputed names like the  Government of Rajasthan, MHRD, Indian IT Ministry, ​Maruti Suzuki Baleno, Ciaz, Hyundai, Hero, Honda, ICICI and Samsung  to name a few. Presently, the media house is working out its strategies for  Everwey . The media house has created some critically acclaimed marvels such as the short film ‘ Breaking The Seal ‘. They are the producers behind the hilarious and smartly crafted content of  Radio Mirchi RJ Naved . The team is presently working on two feature films, titled ‘ Cawnpore ‘ and ‘ Hold My Hand ‘. Nine Angle Productions  
Read more

ThatWare Innovates Traditional Digital Marketing With Artificial Intelligence And Deep Learning Modules

-
Image
Artificial Intelligence(AI) has been lately changing the world and the way we look at it. AI may yet be a thing to understand for many but it has been impacting all spheres of the Digital Age world. When it comes to making sales and delivering services, all businesses – whether startups, large corporations or Fortune companies, depend upon SEO services for substantial sales figures. This is where AI seeps in businesses. THATWARE, a leader in AI-powered Digital Marketing across the globe has conceptualised 100% AI driven Digital Marketing solutions such as sales funnel hike, CRO, ORM, Rankings, advanced technical SEO and advanced on-page SEO. Their services are simple and affordable for various companies including many million dollar companies. THATWARE is founded by Tuhin Banik, a professional Digital Marketing expert and AI consultant. It has a team of thorough professionals working on various sectors ranging from semantics, NLP, data science, AI through to ML and advanced
Read more

Supreme Court renders Modi-backed ED Chief's extension “illegal.” Amit Shah and the opposition enter into a war of words

-
Image
On July 11th, the Honourable Supreme Court went against the Modi Government's decision by annulling Enforcement Directorate Chief Sanjay Mishra's extension. The Supreme Court bench rendered Sanjay Mishra's tenure extension illegal because it went against their previous verdict. Sanjay Kumar Mishra's successive extensions got brought to the Court's attention through petitions moved by opposition leaders like Randeep Singh Surjewala, Jaya Thakur, Mahua Moitra, and others. The Supreme Court Bench headed by Justice B. R. Gavai held that Mishra could hold on to his office up to July 31st at most, during which the Modi Government must ensure a “smooth transition in the larger public interest."  The previous judgments by the Supreme Court on the matter Back in 2021, the Modi Government had, via the Central Vigilance Commission (CVC) Act and the Delhi Special Police Establishment (DSPE) Act, made amendments to the necessary laws to safeguard the extension of the tenure
Read more