Retail loan growth moderates on back of slower personal credit off-take

Quick Summary:

In November 2023, the regulator had hiked the risk weight on certain kinds of loans as a signal to lenders to moderate credit expansion.

The growth in loans against gold jewellery also showed a sharp uptick to 29.7 per cent from 15.1 per cent a year ago.

The credit to industry grew by 8.9 per cent in May 2024, up from 6.0 per cent in May 2023.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Credit market Retail loan growth Housing loan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 21:13:23 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 21410633

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 244 posts per day

Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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