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Sector Alert | Banks: Retail loan growth in top gear
Publish date: 29th June, 2018
CIBIL’s recent publication on consumer loans provides some of the best insights into the current state of the retail lending business. Key takeaways for 1QCY18:
- We are probably in the best phase in retail loan growth
- Mortgages growth is mostly driven by volume growth rather than value
- Auto loans are driven by a combination of volume and value; asset quality shows improvement
- Personal loans is the fastest growing segment; NPLs lower than secured products
- Credit card growth has a bit more skew towards volumes; ~25% are zero balance cards
QUICK NUMBERS
- Retail loans grew 25% yoy to touch Rs 26 tn or ~15% of nominal GDP
- 65mn consumers have access to a live retail lending product
- Average retail lending consumer balance at Rs 0.4 mn
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