The Retail Credit Binge
Heavy concentration of retail loans is adding risk to bank books. It's time to move with caution.
Heavy concentration of retail loans is adding risk to bank books. It's time to move with caution.
RBI’s financial stability report says the SMA share in retail advances for PSBs stood at 9.4% as of March 31, 2023
Credit for retail loans rose by 7.9% in August compared with 1.6% reported during the year-ago period, says CareEdge.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
Sumant Kathpalia takes the reins from Romesh Sobti amid a deep economic crisis and market turmoil that compound the challenges IndusInd Bank has been grappling with in the past few quarters.
Over the past 18 months, private spending has slowed down substantially. However, retail lending continues to remain robust.