📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      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.

      Practice Next
      ask-question