Bank lending growth in FY’25 until February slowed to 10.9% from last year’s 20.6% due to a decline in retail and NBFC loans, according to RBI data. Credit to the services sector grew by 13%, while industry credit growth was 7.3% in the same period.
Gold slips as dollar firms, investors book profit; US data on tap
Gold prices experienced a dip on Monday, influenced by a stronger dollar and profit-taking after a recent surge. Investors are keenly awaiting U.S. inflation data,