24.5% more consumers in retail lending, delinquency rates declined: CIBIL

While delinquency rates for credit cards and home loans rose moderately by 9 basis points and 4 basis points, respectively, loans against property saw a steep rise of 33 basis points

The retail lending market rose significantly over the past year while delinquency rates declined, a CIBIL report said. This comes against the background of banks increasingly moving to retail, as corporate loan asset quality comes under pressure.
 
The aggregate balance of retail lending products increased 24.5 per cent to reach Rs 26.1 trillion in the first quarter of 2018-19, mainly due to a 31.3 per cent year-over-year rise in total account volumes, which was somewhat offset by a 5.9 per cent annual decline in average balance per account, according to the report.
 
Retail lending growth was due to