Business Standard

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

Image via

Image via

Nikhat Hetavkar Mumbai
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2018 | 1:34 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to