New Delhi, July 3 (IANS) Business loans to individual entrepreneurs grew faster than those to commercial entities over three years even as outstanding commercial credit rose to Rs 65.8 lakh crore, up 14 per cent YoY, a report said on Friday.The report from TransUnion CIBIL and SIDBI said loans to individuals accounted for 28 per cent of outstanding commercial balances while loans to entities made up 72 per cent.Individual borrower balances grew 1.8 times during the three-year period between Marc…
Latest Bhavesh Jain News & Updates
New Delhi, April 14 (IANS) Gold loans in India have expanded fourfold over the past three years, with the average ticket size nearly doubling to nearly Rs 2 lakh, indicating a sharp rise in borrower demand and growing acceptance of gold-backed credit, a report showed on Tuesday.According to a report by TransUnion CIBIL, gold loan balances have grown nearly four times since March 2022, with their share in India’s retail credit portfolio rising from 5.9 per cent to around 11 per cent by December…