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      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-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 (CV), commercial equipment, personal, two-wheeler, and consumer loans showed negative  growth while the Home loans and equipment loans showed a positive trend.
      A Only I Correct Answer Incorrect Answer
      B Only I & II Correct Answer Incorrect Answer
      C Only III Correct Answer Incorrect Answer
      D Only II & III Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Loan sanctions by non-banking finance companies in urban areas shrunk by five per cent year-on-year (Y-o-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. 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. Sequentially, the sanctions were flat over Rs 1.13 trillion in Q1FY24. The performance in the semi-urban region was also steady, with 12 per cent YoY growth in sanctions in Q2FY24. However, sanctions in semi-urban areas shrunk by two per cent over Q1FY24. The affordable home loan category, which is mostly concentrated in semi-urban and rural areas, is holding well. Auto, commercial vehicles (CV), commercial equipment, personal, two-wheeler, and consumer loans showed good growth. Home loans and equipment loans showed a negative trend. Very strong growth was seen in education loans. There was a sharp decline in loans against shares pursuant to directives.

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