Credit card delinquencies increase as retail credit growth moderates

Quick Summary:

Data shows that balance-level delinquencies in the credit card segment stood at 1.

According to data, home loan originations dropped by 9 per cent in volume, while credit card originations declined by 30 per cent Y-o-Y.

In March 2024, credit card delinquencies stood at 1.7 per cent, up 14 bps Y-o-Y; in September, it stood at 1.68 per cent.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Retail credit Retail credit market Credit Card Credit card application

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 19:43:32 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 692 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22658246

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 136 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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