Personal loan growth slowed to 13.7% by December 2024 from 15.2% in September due to regulatory warnings. Total bank credit growth also decelerated, though all population groups maintained double-digit growth. Lending for trade, finance, and professional services increased, while credit for agriculture and industry moderated. Aggregate deposits rose by 11%, with term deposits seeing a significant increase. Personal loan growth slowed to 13.7% by December 2024 from 15.2% in September due to regulatory warnings. Total bank credit growth also decelerated, though all population groups maintained double-digit growth. Lending for trade, finance, and professional services increased, while credit for agriculture and industry moderated. Aggregate deposits rose by 11%, with term deposits seeing a significant increase. Economic Times
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