You are here: Home » Markets » News
Gold, silver fall in early trade; yellow metal trading at Rs 50,620/10 gm
Business Standard
Web Exclusive

Analysts bet on consumer financiers as festive cheer perks up loan demand

Demand for consumer goods, automobiles, white goods has been holding momentum, which should translate into good credit off take for consumer financiers this festive season, analysts said

Topics
Consumer Durables | festive season | loans

Nikita Vashisht  |  New Delhi 



festival
While business loans will benefit from macroeconomic tailwinds, given the expected growth of 7.3 per cent in gross domestic product in FY23, consumer loans will benefit from rising retail spend across consumer durables, travel, and other personal consumption activities, notes the credit rating agency

With the festival season around the corner, analysts see consumer-financing companies doing extremely well in the next few months. This, they say, will be driven by strong credit growth on the back of massive pent-up demand.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, September 15 2022. 09:53 IST

RECOMMENDED FOR YOU

.