Consumption loan portfolio expands 15% to Rs 90 trillion in FY24: Report

Quick Summary:

The fourth edition of CRIF High Mark report noted a slowdown from the 17.4 per cent growth recorded in March 2023, largely due to a deceleration in the home loans segment, which accounts for 40.1 per cent of the overall consumption loan portfolio by value.

India's consumption loan portfolio grew by 15.2 per cent year-on-year (YoY) to Rs 90.3 lakh crore as of March 2024, according to the latest credit bureau report.

The home loans portfolio saw growth slowing down to 7.9 per cent YoY in FY24, from the 23 per cent expansion seen in FY23.

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Category: BusinessFinance

Markets: India

Topics: Banking sector Non-banking financial companies (NBFCs) MSME MSMEs Consumption loan portfolio Loan portfolios

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 18:45:26 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22460375

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