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    Question

    What was the growth rate of personal loans in September

    2024?
    A 10.4% Correct Answer Incorrect Answer
    B 12.6% Correct Answer Incorrect Answer
    C 13.2% Correct Answer Incorrect Answer
    D 16.4% Correct Answer Incorrect Answer
    E 23.6% Correct Answer Incorrect Answer

    Solution

    Credit growth to services sector decelerated to 15.2 per cent (y-o-y) in September 2024 from 21.6 per cent a year ago, primarily due to lower growth in credit to 'non-banking financial companies' (NBFCs). However, within the segment, during the same period, growth (y-o-y) in credit to 'commercial real estate' accelerated. Personal loans growth moderated to 16.4 per cent (y-o-y) in September 2024 as compared with 18.2 per cent a year ago, largely due to decline in growth in 'other personal loans', 'vehicle loans' and 'credit card outstanding'. However, 'housing' - the largest constituent of this segment - recorded accelerated growth.

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