Which of the following statements is/are NOT true with

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.