Lending Growth Stays In Slow Lane Despite June Rate Cuts

business lending growth stays in slow lane despite june rate cuts

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Indian bank lending remains cautious despite policy rate cuts. Lending growth slowed to 9.6% from 19.1% last year. Corporate, home, and NBFC loans are soft. Firms prepaid debt via bonds. Home loan borrowers awaited further rate cuts. Gold and renewable energy loans surged. Experts believe lending may pick up after recent rate cuts by Reserve Bank of India.

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