Credit growth moderates in personal loan segment in December: RBI data

Credit growth in the personal loan segment moderated in December, according to RBI data. The slowdown in growth is attributed to various factors, including higher interest rates and a cautious consumer outlook. Despite the moderation, the data suggests that credit demand remains robust in certain sectors, with banks focusing on risk management and prudent lending practices. The trend in personal loan growth reflects broader economic conditions and the impact of monetary tightening.