Business Standard

Retail lending by banks shrinks sequentially in November, up 10% YoY

Within this space, vehicle loans continued to perform well, growing at an accelerated 10% this November, compared to 4.7% a year ago, RBI said in statement

cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings

On a YoY basis, non-food bank credit growth stood at six per cent in November 2020 versus 7.2 per cent a year ago.

Abhijit Lele Mumbai
Banks extended retail loans worth Rs 33,107 crore November, covering housing, vehicle and credit cards. The scale of lending that month was lower than the volume in October, when retail lending was about Rs 39,780 crore.

According to Reserve Bank of India data, retail loans grew 10 per cent year-on-year in November 2020 as compared with 16.4 per cent growth in November 2019.

Within this sector, vehicle loans continued to perform well, growing at an accelerated 10 per cent in November 2020 vis-a-vis 4.7 per cent in November 2019, RBI said in statement.

Bankers said the pace of retail loan

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

First Published: Dec 31 2020 | 8:28 PM 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