Retail Lending
Latest news, explainers and analysis on Retail Lending. Tracking 3 stories on Arth Vani.
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Latest on Retail Lending
Indian Bank Gold Loan Book to Hit ₹1.5 Lakh Crore by FY27
Indian Bank anticipates its gold loan portfolio will exceed ₹1.5 lakh crore by the end of the current financial year, driven by strong demand and increased loan volumes. The bank also reported healthy CASA deposit growth and successfully raised USD 400 million via overseas bonds.
BreakingBank of America to Invest ₹15,865 Crore ($1.9 Billion) in Jio Credit for India's Retail Loan Push
Bank of America is set to invest approximately ₹15,865 crore ($1.9 billion) into Jio Financial's Jio Credit, marking a significant entry into India's rapidly expanding retail lending market. This collaboration aims to leverage Jio's digital capabilities and Bank of America's financial expertise to grow the retail loan sector, pending necessary regulatory approvals.
BreakingSmall Personal Loans Overtake Credit Cards in India's Unsecured Lending Market
A new report from TransUnion CIBIL reveals that Indian consumers are shifting away from credit cards in favor of small-ticket personal loans. This trend highlights a significant change in how retail borrowers access consumption-linked credit for their daily needs.
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