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Record surge in auto loans, here's why
Published 3 years, 8 months ago
Description
The aggregate growth in the vehicle loan portfolio of banks began only in Q2 FY23 after showing a decline in the year-ago period. According to RBI data, vehicle advances of commercial banks grew 18 per cent year-on-year at the end of June 2022. In the same period last year (June 2021), disbursal of vehicle loans declined by 3.5 per cent.
Read the full story here: https://www.thehindubusinessline.com/money-and-banking/banks-see-record-growth-in-vehicle-loans-in-q3/article66503621.ece
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