Retail Credit Market

Balance-level delinquencies in credit card segment stood at 1.8 per cent in Q1FY25 - highest among all other credit divisions

In India, shift to private credit, Nishu said, started before the Covid era, driven by regulatory reforms including the Insolvency and Bankruptcy code, Real Estate Regulatory Authority (RERA) Act etc.

The Indian economy was witnessing a surge in retail credit growth. The credit growth is led by a well-diversified customer base, with reasonably good financial health conditions

The government sold its maiden retail dollar bonds in October 2021, when it raised $1.6 billion

They must also avoid applying for too many loans within a short span

Credit growth to the services sector accelerated to 17.2 per cent in August 2022 from just 2.1 per cent a year ago. It was mainly due to improved credit off-take to NBFCs and trade sectors.

Increased demand visible across consumption products

According to the report, credit inquiries also jumped 54 per cent during the said period

While there are tentative signs of recovery in certain areas of the shadow bank sector, a funding squeeze has kept borrowing costs high

The economy grew by just 5% in first quarter ended June 2019

China accounts for nearly half of all retail credit in the emerging markets with loan outstanding worth $6,142 billion at the end of December, 2017