Consumer credit demand rebounds after note ban

However, pace of credit disbursal stays lower over last year, says CIBIL

The demand for consumer loans in India seems to be returning as the adverse effect of demonetisation on the confidence of households wanes.
 
Demand growth was flat in November 2016 over the same month a year before but moved up 15 per cent in January, according to TransUnion CIBIL, a leading credit information agency. The financial system had seen unprecedented consumer credit growth over the earlier four years, including loans for vehicles and homes, cards and other credit products. The announcement on demonetisation created short-term disruption in this, says the agency.
 
However, new data indicate a strong rebound