What strategic approach did the RBI employ to ensure robust credit growth, particularly in the services and personal loans sectors, in FY24?
1
Lowering the policy repo rate to make borrowing cheaper for businesses and individuals.
2
Encouraging banks to increase their loan disbursement limits for high-risk sectors.
3
Focusing on financial inclusion initiatives to bring more individuals into the banking system.
4
Maintaining stable interest rates and promoting credit disbursal by Scheduled Commercial Banks (SCBs).
5
Offering government-backed guarantees for loans to boost lender confidence.