Document discount within the provide of loans for the acquisition of autos by banks – Cash

A lower of 20.9% on annual foundation was recorded throughout the month of July within the provision of loans by banks for the acquisition of autos.

In line with the statistics of the State Financial institution, banks offered loans of 285 billion rupees for the acquisition of autos in July, which is 20.9% lower than final yr’s July.

In line with the information, in July final yr, banks offered loans of 361 billion rupees for the acquisition of autos. In comparison with June, in July, the supply of loans for the acquisition of autos recorded a lower of two.9 % on a month-to-month foundation. In June, banks offered loans of 294 billion rupees for the acquisition of autos, which decreased to 285 billion rupees in July.

It needs to be famous that within the first month of the monetary yr, the amount of loans offered by banks to the non-public sector was recorded at 7.99 trillion rupees, which is 0.1% lower than the identical interval final yr.