Retail loan growth slows down to 15.7% in April 2019 from 19% April 2018

Credit card loans rose by 26.4% in April 2019, down from 35.2% in same month in 2018

The pace of credit expansion in retail segment covering areas like housing, credit card and personal loans slowed down in April, perhaps reflecting moderation in India’s economic growth.

Retail loans grew by 15.7 per cent (Year-on-Year) in April 2019, down from increase of 19.1 per cent in April 2018. Credit card loans rose by 26.4 per cent in April 2019, down from 35.2 per cent in same month in 2018, according to Reserve Bank of India data. 

Housing loans segment stood out showing further traction with 18.6 per cent in April 2019, up from 14.9 per cent in April 2019. The vehicle