Banks continue to rely on retail loans to boost their credit book: RBI data

What the data indicates is that banks are slowly restoring their confidence on the industry sector

Segregated data released by the Reserve Bank of India (RBI) shows that banks continue to rely on retail loans to boost their credit book. As on September 2018, segregated date for which has been released by the central bank, personal loans — which include housing, consumer durables, vehicles, education, credit cards and other personal loans — grew 17.37 per cent year-on-year as on September 2018. 

A year before, the growth was 18.49 per cent. However, banks are scaling back their exposure on consumer durables, though the base is also low. What the data indicates though is that banks are slowly