 "loans, aum, assets, banks, investment, shares, stocks, funds")
Bucking the trend of contraction in April and May, retail loans of banks rose Rs 11,518 crore in June, when economic activity started reviving. Housing loans rose Rs 6,700 crore and credit card outstanding also jumped Rs 4,699 crore.
According to Reserve Bank of India (RBI) data, retail credit — covering segments like home loans, vehicle loans, and credit cards — nosedived Rs 62,861 crore in April, followed by a moderate contraction of Rs 11,928 crore in May. Outstanding retail loan books stood at Rs 24.90 trillion in June 2020, up from Rs 24.78 trillion.
Suresh Khatanhar, deputy managing director
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