Demand for retail loans expected to continue upward journey: Experts

Credit demand, especially retail credit, is showing steady signs of improvement on the back of a turnaround in economic indicators and sops like reduction in stamp duty offered to boost sale of houses.

Large non-banking financial companies (NBFCs) and a few private banks — that have disclosed December quarter trends of advances — are showing signs of improved credit demand.

Going by Reserve Bank of India (RBI) data, retail loan growth (year-on-year or YoY basis) has shown an upward trend for three months (September-November 2020) in a row.

Consumer financier Bajaj Finance — in its December quarter update — revealed