Retail Credit Growth Improves To 9.6% YoY; Forms 29% Of Total Loans: Motilal Oswal
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Motilal Oswal Report
Systemic loan growth stood at 6.5% YoY for the fortnight-ended March 12, 2021. The outstanding credit base has now reached Rs 108 trillion.
Retail credit growth improved to 9.6% YoY (versus 9.1% YoY in January 2021), with retail loans comprising ~78% of incremental credit over FY21 year-to-date.
Among the retail segments, housing loans grew 8.4% YoY (7.7% in Jan-21) and vehicle loans rose 8.3% YoY (7.1% in Jan-21).
Credit cards grew 4.8% YoY (flattish on a month-on-month basis).
Industry growth remained flattish, while growth in the services segment improved to ~9.3% YoY.
Agri growth also picked up at 10.2% YoY.
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