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Retail Credit Demand Slows to 5% in March Quarter Led by Home Loans, Credit Cards

June 24, 2025

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The New Indian Express Tirunelveli

RETAIL credit demand has witnessed a 5% decline in the March quarter, led by a steep fall in home loans and credit card spends, according to a report.

- ENS ECONOMIC BUREAU @ Mumbai

The segment has been facing headwinds since the Reserve Bank asked lenders to set aside higher risk capital following over 30% growth in unsecured loans.

Home loans declined by 7% in volume and 1% in value; property loans declined by 1% and 15%; credit card spends plunged by 32% in volume; and two-wheeler loans dipped 1% in volume but grew by 2% in value. On the other hand, personal loans grew by 6% in value, auto loans by 1% and 6%, and consumer durable loans inched up 6% in value and 7% in volume, according to the latest numbers shared by TransUnion Cibil.

المزيد من القصص من The New Indian Express Tirunelveli

The New Indian Express Tirunelveli

The New Indian Express Tirunelveli

Aadhav booked for deleted post calling for Nepal-like ‘uprising’

THE Greater Chennai Police on Tuesday registered a case against TVK general secretary (election campaign management) Aadhav Arjuna for allegedly posting a provocative message on social media regarding the stampede at the Vijay's Karur rally.

time to read

1 min

October 01, 2025

The New Indian Express Tirunelveli

The New Indian Express Tirunelveli

Will rather quit than ally with BJP for statehood, says Omar

CHIEF Minister Omar Abdullah on Tuesday asserted that he would resign rather than aligning with BJP for the restoration of state status to Jammu and Kashmir Union Territory.

time to read

1 mins

October 01, 2025

The New Indian Express Tirunelveli

4.5L cases of crime against women in '23: NCRB

INDIA has recorded nearly 4.5 lakh incidents of crime against women in 2023, which is marginally up from the figures in the past two years.

time to read

1 mins

October 01, 2025

The New Indian Express Tirunelveli

Nataraj, backstroke exponent, adds free to his competitive repertoire

SRIHARI Nataraj is riding the crest of a wave.

time to read

1 mins

October 01, 2025

The New Indian Express Tirunelveli

Once mighty, West Indies are now fighting for survival

LAST week, members of the visiting West Indies team put themselves on the long flight from the Caribbean Islands to India.

time to read

4 mins

October 01, 2025

The New Indian Express Tirunelveli

Man stabs girl over 'enmity' with her mom

A 16-year-old girl was stabbed with a screwdriver in her neck and chest by a man, allegedly over an enmity with her mother, on Monday at Poonga Nagar in Peelamedu.

time to read

1 min

October 01, 2025

The New Indian Express Tirunelveli

EPS quells dissent, 40 AIADMK functionaries stripped of party posts

AIADMK general secretary Edappadi K Palaniswami on Tuesday removed 40 functionaries from their party posts in the Erode Rural West district.

time to read

1 min

October 01, 2025

The New Indian Express Tirunelveli

MP univ tech students punished for ragging juniors plot 'Gen-Z' protests

After probe, panel recommends lodging of FIR

time to read

1 mins

October 01, 2025

The New Indian Express Tirunelveli

IN MISSION MODE FOR CRITICAL TECH

For decades, India's brightest young minds often dreamed of working on technologies that seemed out of reach-chips, rockets, quantum computers. Those dreams are no longer distant

time to read

3 mins

October 01, 2025

The New Indian Express Tirunelveli

The New Indian Express Tirunelveli

Maintenance application against minor husband maintainable, rules HC

WHILE dealing with a case involving child marriage and a maintenance claim against a minor husband, the Allahabad High Court has held that application under Sections 125 and 128 Criminal Procedure Code (CrPC) seeking maintenance against minor was maintainable.

time to read

1 min

October 01, 2025

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