Retail credit activity covering housing, credit cards and the vehicle segment moderated in August 2020 over the previous month.
Retail loans grew by Rs 16,879 crore in August while it had grown by Rs 40,853 crore in July, according to Reserve Bank of India (RBI) data. Retail loans had grown by Rs 11,518 crore in June.
These critical categories saw a slowdown. Housing loans rose by just Rs 1,936 crore in August (Rs 11,663 crore in July), and credit card outstanding was also up by Rs 3,442 crore (Rs 3,805 crore in July). The vehicles segment also saw a marginal rise of