Retail Credit

First-time customers are emerging as a huge catchment area for retail finance, but dangers lurk in the nooks and crannies

While credit growth has moderated from 16.5% in mid-January, it is significantly higher than the year-ago period, when it was hovering at around 9 per cent

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Housing and vehicle loans lead surge in retail credit, which was up 19.6% YoY

'We can't be direct lenders because there are limitations', said Sabharwal

Credit growth to the services sector accelerated to 17.2 per cent in August 2022 from just 2.1 per cent a year ago. It was mainly due to improved credit off-take to NBFCs and trade sectors.

Company says 'working capital availability in the country is huge as small businesses adopt digital payments

60% of such claims are from state-owned banks and other creditors, shows data on company's website

Automotive platform CarTrade Tech said on Wednesday it plans to launch over 200 abSure (Absolute Sure) retail outlets, a one-stop tailor-made retail facility, pan-India in the next two years.

Credit offtake in services remains weak

For the retail credit, rise in stressed assets is pegged at 4-5 per cent in March 2022 from 3 per cent estimated in March 2021

In a Q&A, Rajkiran Rai G says retail credit can't make up for tepid corporate demand

Banks to ramp up efforts during outreach programme

HDFC Ltd said individuals can earn interest at 6.55 per cent on their deposits, whose period can range from 3-10 years

According to the RBI data, in the pre-pandemic phase in 2019-20, year-on-year growth in retail credit was 16.6 per cent in June 2019

Credit to Mid, small units also see higher growth

During FY21, its loan book stood at Rs 77,219 crore, compared to Rs 77,610 crore in March 2020.

Despite the pandemic, the company grew by 125 per cent in 2020 and has recorded a 40-50 per cent increase in average customer spends

The pace of retail credit, a segment which has the maximum focus of banks, decelerated to 9.1 per cent in January 2021 from 16.9 per cent in January 2020

Although year-on-year growth across key metrics has yet to reach pre-pandemic levels, there has been positive momentum for credit demand