MUMBAI: Retail loan growth surged 20% in September, the fastest since the covid-19 outbreak in 2020, unfazed by higher borrowing costs, signalling a robust revival in consumer demand during the festive season.
Loan demand was seen across categories for purchases of vehicles, consumer durables and homes, the mainstay of retail credit.
Home loans, which account for nearly half of all retail loans, grew 16% to ₹18.05 trillion between 24 September 2021 and 23 September 2022, data released by the Reserve Bank of India showed.
The other personal loans category, which accounts for 26% of aggregate bank loans to individuals, grew an even faster 24.4% to ₹9.73 trillion as of 23 September.
هذه القصة مأخوذة من طبعة November 04, 2022 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 04, 2022 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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