Personal loans grow by 12.1% in August 2021

Personal loans of banks grew at an accelerated pace of 12.1 per cent in August 2021 primarily due to faster credit growth in housing, vehicle loans and loans against gold jewellery. Personal loans, including home loans, accounted for 26.7 per cent of bank credit during the first five months of the current year.

References
1. https://bfsi.economictimes.indiatimes.com/news/industry/industrial-credit-continues-to-lag-personal-loans-for-the-second-consecutive-month-in-august/87171722