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Retail Lending

Rising delinquencies, aggressive lending put retail credit at risk

The stress in parts of retail lending is leading to business opportunities for those associated with the ecosystem

Rising delinquencies, aggressive lending put retail credit at risk
Updated On : 17 Nov 2024 | 10:20 PM IST

Microloan asset quality faces strain as heatwaves, loan waiver rumours bite

Asset portfolio shrinks sequentially; growth seen moderating by 2-3 percentage points in FY25

Microloan asset quality faces strain as heatwaves, loan waiver rumours bite
Updated On : 28 Aug 2024 | 1:22 AM IST

From smartphones to smart loans: Gen Z, millennials boost digital lending

The share of digital loans has increased from 1.8% of total retail loans in FY22 to around 2.5% in FY24, revealed a report by Redseer Strategy Consultants

From smartphones to smart loans: Gen Z, millennials boost digital lending
Updated On : 15 Jul 2024 | 12:50 PM IST

L&T Finance aims at 25% CAGR over next few years, retail lending in focus

L&T Finance Ltd is aiming at a 25-per cent compound annual growth rate (CAGR) over the next few years, with focus on consolidating its retail lending business, a top company official said on Wednesday. The financial services arm of Larsen & Toubro plans to completely exit the wholesale segment by 2026, transforming itself into a 100 per cent retail non-banking financial company (NBFC) from nearly 94 per cent at present. The company's new offering Complete Home Loan' signifies a fresh impetus to its mortgage business, he said. The lender also expects this product to surpass microfinance in terms of book size in the near future. "Fueled by the revival in credit offtake, we will maintain our robust growth trajectory of 25-per cent CAGR over the next few years. With the larger ticket size of home loans, this portfolio is expected to surpass microfinance assets in the coming years," MD & CEO of L&T Finance Sudipta Roy said. "However, even if the mortgage book size ...

L&T Finance aims at 25% CAGR over next few years, retail lending in focus
Updated On : 15 May 2024 | 8:21 PM IST

Peer-to-peer (P2P) lending: What is it, and who regulates it in India?

Peer-to-peer (P2P) lending is the practice of lending money to individuals or businesses through online services that match lenders with borrowers

Peer-to-peer (P2P) lending: What is it, and who regulates it in India?
Updated On : 06 Dec 2023 | 2:34 PM IST

Subprime borrowers must keep credit utilisation ratio under check

They must also avoid applying for too many loans within a short span

Subprime borrowers must keep credit utilisation ratio under check
Updated On : 25 Oct 2022 | 5:21 PM IST

Canara Bank Q2 profit jumps 89% to Rs 2,525 cr, asset quality improves

State-owned lender's gross global advances up 20% YoY to Rs 8.24 trn; retail lending portfolio grows 12.5%

Canara Bank Q2 profit jumps 89% to Rs 2,525 cr, asset quality improves
Updated On : 20 Oct 2022 | 2:02 PM IST

Bank retail lending moderates in December, farm and SME credit accelerates

Impact of Covid-19-induced economic disruption continues to linger, lenders say

Bank retail lending moderates in December, farm and SME credit accelerates
Updated On : 29 Jan 2021 | 9:29 PM IST

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

Retail lending by banks shrinks sequentially in November, up 10% YoY
Updated On : 31 Dec 2020 | 11:38 PM IST

Some lending apps following unfair recovery practices: Former RBI DG

Former RBI deputy governor R Gandhi on Wednesday said some lending apps have been indulging in wrongful recovery practices for loans

Some lending apps following unfair recovery practices: Former RBI DG
Updated On : 23 Dec 2020 | 7:45 PM IST

It will be a long road to recovery from Covid-19: Axis Bank chief

In a Q&A, the lender's MD & CEO, Amitabh Chaudhry, also dwells on the stimulus package announced by the government, and risk aversion by banks

It will be a long road to recovery from Covid-19: Axis Bank chief
Updated On : 22 May 2020 | 2:41 AM IST

PNB Housing Finance cuts lending rates by 15 bps for existing customers

The company offers its retail customers housing and non-housing loans

PNB Housing Finance cuts lending rates by 15 bps for existing customers
Updated On : 08 May 2020 | 9:15 PM IST

Lenders want more time to finalise working capital needs of large firms

A senior State Bank of India (SBI) executive said in the case of large corporates, where there is consortium and social banking, the decision will be taken in consultation with all the lenders.

Lenders want more time to finalise working capital needs of large firms
Updated On : 15 Apr 2020 | 9:43 PM IST

Covid-19: Retail lending may not remain steady source of business for banks

Banks and finance companies may do more lending business in the retail segment on the digital platform

Covid-19: Retail lending may not remain steady source of business for banks
Updated On : 09 Apr 2020 | 11:02 PM IST

Corporate lending facing demand slowdown, muted growth, says SBI MD

Retail lending, however, is growing at a decent rate, the bank said

Corporate lending facing demand slowdown, muted growth, says SBI MD
Updated On : 06 Dec 2019 | 12:02 AM IST

Retail lending to stay steady in coming quarters: Axis Bank's Pralay Mondal

The lender's Executive Director-Retail Banking says the bank is not seeing any stress in the retail lending segment

Retail lending to stay steady in coming quarters: Axis Bank's Pralay Mondal
Updated On : 02 Dec 2019 | 6:46 PM IST

Festive season pushes retail lending in Sept to 16.6% from 15% a year ago

Consumer durable and housing loan accelerated the most, service sector witnesses a sharp fall in the credit growth rate

Festive season pushes retail lending in Sept to 16.6% from 15% a year ago
Updated On : 01 Nov 2019 | 2:14 AM IST

24.5% more consumers in retail lending, delinquency rates declined: CIBIL

While delinquency rates for credit cards and home loans rose moderately by 9 basis points and 4 basis points, respectively, loans against property saw a steep rise of 33 basis points

24.5% more consumers in retail lending, delinquency rates declined: CIBIL
Updated On : 28 Jun 2018 | 1:34 AM IST

Retail lending up 25%, number of accounts 32% in FY18: Cibil data

The report found robust growth in all consumption lending products consumer durable loans, credit cards and personal loans - during the period under review

Retail lending up 25%, number of accounts 32% in FY18: Cibil data
Updated On : 27 Jun 2018 | 5:01 PM IST