The Economic Times

AI could slow affluent India; QSRs, credit cards may show stress first: BNP Paribas Kunal Vora

Coming to loans, personal loans increased by 13% in FY25 and FY26 which is softer versus the earlier years. Also, the recent resurgence in personal loans has been supported by the GST rate cut which is driving the demand for automobiles and the spike in gold price is driving the gold loans growth.