Question
Which of the following statements is/are NOT true with respect to the shrinkage of the NBFC loans in the urban areas according to the data provided by the Finance Industry Development Council ? I.Loan sanctions by non-banking finance companies in urban areas shrunk by five per cent year-on-year (Y-o-
- V , commercial equipment, personal, two-wheeler, and consumer loans showed negative growth while the Home loans and equipment loans showed a positive trend.
- Y to Rs 2.09 trillion in the second quarter ended September 2023 (Q2FY24) from Rs 2.2 trillion in the same period of FY23. II.Sanctions in rural areas grew by 17 per cent Y-oY to Rs 1.14 trillion in Q2FY24 from Rs 0.97 trillion in Q2FY23. The performance in the semi-urban region was also steady, with 12 per cent YoY growth in sanctions in Q2FY24. III.Auto, commercial vehicles (C
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