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Retail Credit Demand Slows to 5% in March Quarter Led by Home Loans, Credit Cards
The New Indian Express Tiruchy
|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.
यह कहानी The New Indian Express Tiruchy के June 24, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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