Loans for consumer durables during festive season—a business stagnant for three years—increased in financial year 2021-22 (FY22) to Rs 26,075 crore from Rs 19,683 crore in FY19.
The festive season, which spans over October-December period (Q3), saw origination worth Rs 19,356 crore in FY21 and Rs 20,261 crore in FY 20, according credit information bureau CRIF High Mark.
In conventional sense, Originations in Q1 & Q2 FY22 were already at Rs 35,120 crore, compared to Rs 55,202 crore in Rest of FY20 (Q1, Q2 & Q4 FY20). At this rate, originations in Rest of FY22 could reach or surpass that
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