Industry credit growth hits 20% in July

Industry credit growth accelerates to 20% in July. This marks the highest pace in over a decade, driven by strong retail and corporate demand. Meanwhile, gold loan growth moderated due to high collateral risks. Bank credit expanded by 15.6%, while NBFCs led with 23.4% growth.

📊 STOCKS: | 🏢 SECTOR: Banking | #MEDIUMIMPACT #creditgrowth