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    Question

    Which sector accounted for over half of the personal

    loan market according to RBI’s State of the Economy report?
    A Microfinance institutions Correct Answer Incorrect Answer
    B Private credit market Correct Answer Incorrect Answer
    C Public sector banks Correct Answer Incorrect Answer
    D Non-banking financial companies Correct Answer Incorrect Answer
    E Fintech lenders Correct Answer Incorrect Answer

    Solution

    Non-banking financial companies (NBFCs) contributed to over half of the personal loan market as per the RBI’s report, highlighting their crucial role in providing credit.

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