After months of muted demand, auto loans appear to have hit the fast lane. The recent reduction in the goods and services tax (GST) rates on select vehicles to 18% from 28% has revived retail sentiment, sparking an uptick in passenger vehicle sales and demand for loans to finance them, four lenders said. In September, India's banking industry saw a vehicle loan growth of 7.3% year-on-year (y-o-y), nearly half of the 14% expansion witnessed in the same month a year ago, according to the Reserve Bank of Indi ...