Loans against property and credit cards are the most affected segments
Offers interest rates starting as low as 6.9 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh
The credit of commercial banks stood at Rs 97.68 trillion as on September 27, 2019
The outstanding retail loan book stood at Rs 25.48 trillion in August, up from Rs 25.31 trillion in July.
RBI said on YoY basis, non-food bank credit grew 6.7 per cent in July 2020, the same as June 2020, but lower than the growth of 11.4 per cent in July 2019
Outstanding loans to SME remained flat at Rs 3.52 trillion in June, compared to May
In its bid to boost retail credit flow, the RBI on February 6 announced that incremental loans towards automobile purchases, residential housing and loans to MSMEs will be set against the mandatory ca
Adjusted for securitisation, loan book grows at 12% as against 16% in FY18
The economy grew by just 5% in first quarter ended June 2019
The outstanding credit in retail category stood at Rs 22.14 trillion in May 2019 as against Rs 19.93 trillion in May 2018
Australia leads the pack with 95 per cent coverage (of adults), Japan comes next at 93 per cen