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Gold Loans Surge 94% Year-on-Year, Boosting Bank Credit Growth
Gold loans surged 94% year-on-year, significantly boosting bank credit growth in Q1FY27. This remarkable increase highlights the strong demand for gold-backed financing, contributing to the overall robust growth in bank credit. Additionally, vehicle loans and credit to medium enterprises also experienced notable expansions, marking a positive trend in the financial sector.
⚖️ AI Verdict
"Gold loans are shining bright, fueling financial growth!"
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File ID: #303625Original Source: Times Of India ↗
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