Welcome to the Forty-third edition of DevMantra Times for the month of September 2024. This grand finale encapsulates the essence of a dynamic governance period, paving the way for what promises, to be an equally eventful new chapter in our regulatory journey.
Industry & Economic Updates: Personal loan sees 14% growth; cards, gold major factors behind surge
Credit card dues have increased the fastest among bank loans, reaching nearly Rs 2.8 lakh crore by July’s
end, seeing a 22% year-on-year growth. Personal loans now make up the largest share of non-food credit
at 32.9%, growing by 14.4%. Loans against gold jewellery increased the most within personal loans
Join us as we reflect on our past successes and look forward to a vibrant future filled with opportunities for growth and innovation. Don’t miss out—download the full newsletter here to access valuable insights and essential updates that will empower you in this dynamic regulatory landscape!
