While concerns have been expressed of late that stress may be on the rise in the retail loan books, it is also true that lenders now have access to a plethora of data points for credit assessment
Evidence of heightened risk aversion suggests a supply-shock has choked credit offtake
Housing, commercial vehicle and term loans fall 23-85% in the September quarter; gold loan reports growth
The outstanding credit in retail category stood at Rs 22.14 trillion in May 2019 as against Rs 19.93 trillion in May 2018
Credit card loans rose by 26.4% in April 2019, down from 35.2% in same month in 2018