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Bankers see loan demand improving in Q3, finds RBI survey
October 11, 2023
According to a recent survey by the Reserve Bank of India (RBI), bankers are feeling positive about the demand for loans in the upcoming months. The survey, which collected opinions from senior loan officers, showed that during the second quarter of the fiscal year 2023-24, there was an optimistic outlook regarding loan demand. This positive feeling is because many sectors in India, like manufacturing, services, and retail/personal loans, are progressing.
The survey also found that the terms and conditions for loans stayed quite steady during this time. Looking forward to the next quarter, bankers are hopeful about the overall demand for loans. They expect a rise in the need for loans, especially in areas like mining, infrastructure, and personal/retail sectors. The survey suggests that the current loan terms and conditions will likely stay the same, although there might be some relaxation in the retail/personal loans sector.
In simpler terms, the survey by RBI shows that bankers in India are feeling confident about more people wanting loans soon. This is because different parts of the economy, such as making things, providing services, and personal loans, are doing better. This is good news for the country’s financial situation.
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