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Retail Credit Demand Slows to 5% in March Quarter Led by Home Loans, Credit Cards
The Morning Standard
|June 24, 2025
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.
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.
This story is from the June 24, 2025 edition of The Morning Standard.
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