Credit Bureau

Led by a 122 per cent spike in retail loan volume, the overall credit market grew 11.1 per cent in FY22 over the previous year to Rs 174.3 lakh crore, according to a credit bureau report. According to credit bureau CRIF High Mark, the total lending market stood at Rs 174.3 lakh crore as of March 2022, registering an 11.1 per cent growth over March 2021. Commercial, retail and microfinance lending portfolios contributed 49.5, 48.9, and 1.6 per cent, respectively to this growth. Giving a break-up, the report said personal loans saw a full 46 per cent growth in originations by value, and a much higher 122 per cent growth in originations by volume in FY22 over the previous year, and the sector is dominated by state-run and private banks along with non-banking entities. Led by private sector banks, credit cards saw a higher 48 per cent growth in new card originations and the share of the new card originations of private banks increased from 61.2 per cent in FY21 to 71.4 per cent in ...

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If variation is over 50 points, write to the bank and bureau immediately to correct the discrepancy