Retail Loans
Latest news, explainers and analysis on Retail Loans. Tracking 2 stories on Arth Vani.
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Latest on Retail Loans
BreakingNBFC Credit Surges 14.4% to ₹59.3 Lakh Crore in June, Retail Loans Lead Growth
Non-banking finance companies (NBFCs) saw their total credit outstanding increase by a robust 14.4% year-on-year to ₹59.3 lakh crore in June, according to recent RBI data. This significant growth was primarily driven by retail loans, which expanded by 20.3% during the same period.
BreakingTop Private Banks Like HDFC, Kotak See Thinner Profit Margins in June Quarter
India's leading private sector banks, including HDFC Bank, Kotak Mahindra Bank, and Axis Bank, reported reduced net interest margins (NIMs) for the April-June 2023 quarter. This dip in profitability from core lending activities is primarily due to weaker demand for retail loans, pushing banks towards less profitable corporate lending.
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