Page 3 - Retail Credit
Retail, farm credit get traction in May amid Covid-induced slowdown
Credit to Mid, small units also see higher growth
 "Retail, farm credit get traction in May amid Covid-induced slowdown")
Tata Capital expects over 10% growth in credit this financial year
During FY21, its loan book stood at Rs 77,219 crore, compared to Rs 77,610 crore in March 2020.
 "Tata Capital expects over 10% growth in credit this financial year")
Slice, credit provider for young professionals, eyes $1 bn gross transactions
Despite the pandemic, the company grew by 125 per cent in 2020 and has recorded a 40-50 per cent increase in average customer spends
 "Slice, credit provider for young professionals, eyes $1 bn gross transactions")
Non-food bank credit grows 6% in January 2021; gold loans rise 132%
The pace of retail credit, a segment which has the maximum focus of banks, decelerated to 9.1 per cent in January 2021 from 16.9 per cent in January 2020
 "Non-food bank credit grows 6% in January 2021; gold loans rise 132%")
Demand for retail credit makes a comeback in November: CIBIL report
Although year-on-year growth across key metrics has yet to reach pre-pandemic levels, there has been positive momentum for credit demand
 "Demand for retail credit makes a comeback in November: CIBIL report")
Retail credit has experienced an increase in serious delinquencies: Report
Loans against property and credit cards are the most affected segments
 "Retail credit has experienced an increase in serious delinquencies: Report")
SBI increases sops for home loans above Rs 75 lakh in festive push
Offers interest rates starting as low as 6.9 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh
 "SBI increases sops for home loans above Rs 75 lakh in festive push")
Credit growth slows down to 5.14%, shows signs of pickup sequentially
The credit of commercial banks stood at Rs 97.68 trillion as on September 27, 2019
Retail credit growth moderates after seeing a jump in July, shows data
The outstanding retail loan book stood at Rs 25.48 trillion in August, up from Rs 25.31 trillion in July.
 "Retail credit growth moderates after seeing a jump in July, shows data")
Retail credit up by Rs 40,853 cr in July over June, MSME loans up slightly
RBI said on YoY basis, non-food bank credit grew 6.7 per cent in July 2020, the same as June 2020, but lower than the growth of 11.4 per cent in July 2019
 "Retail credit up by Rs 40,853 cr in July over June, MSME loans up slightly")
June retail credit grows Rs 11,518 crore after shrinking for 2 months
Outstanding loans to SME remained flat at Rs 3.52 trillion in June, compared to May
 "June retail credit grows Rs 11,518 crore after shrinking for 2 months")
CRR-exempt loans: Deduction only on incremental lending, clarifies RBI
In its bid to boost retail credit flow, the RBI on February 6 announced that incremental loans towards automobile purchases, residential housing and loans to MSMEs will be set against the mandatory ca
 "CRR-exempt loans: Deduction only on incremental lending, clarifies RBI")
Banks' FY19 retail loan growth slipped to 12%, slowest in 5 years: CRISIL
Adjusted for securitisation, loan book grows at 12% as against 16% in FY18
 "Banks' FY19 retail loan growth slipped to 12%, slowest in 5 years: CRISIL")
Economic slowdown: Pace of retail credit offtake falls to 15.6%
The economy grew by just 5% in first quarter ended June 2019
 "Economic slowdown: Pace of retail credit offtake falls to 15.6%")
Retail loan growth slows to 17% in May, reflects slowdown in economy
The outstanding credit in retail category stood at Rs 22.14 trillion in May 2019 as against Rs 19.93 trillion in May 2018
 "Retail loan growth slows to 17% in May, reflects slowdown in economy")
The India story: Retail credit bureau coverage is still under-penetrated
Australia leads the pack with 95 per cent coverage (of adults), Japan comes next at 93 per cen
 "The India story: Retail credit bureau coverage is still under-penetrated")
