India's festive season coincides with GST 2.0. Banks and NBFCs offer credit deals to boost spending. Lower prices and tax reforms are expected to increase credit growth. Lenders are cautious about overextension risks. The streamlined GST aims to make essentials cheaper. Experts are analysing the impact of these changes on the Indian economy. The RBI is monitoring unsecured lending.
from Banking/Finance-Industry-Economic Times https://ift.tt/rME7Zz1
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