Consumer loan risk weights to end lenders' exuberance: RBI deputy governor
While it is too early to conclude, risk management practices are getting better, says RBI deputy governor Swaminathan Janakiraman
While it is too early to conclude, risk management practices are getting better, says RBI deputy governor Swaminathan Janakiraman
Between FY18 and H1 FY24, credit card loans trebled to ₹2.2 lakh crore while personal loans grew 2.5 times to ₹13.4 lakh crore
In the past two years, personal loans grew around 24% and credit card loans grew 28% compared with the overall banking sector's credit growth of around 15%.
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.