In the retail loan segment, while the property loans saw a growth of 58 per cent, personal and auto loans posted a growth of 31 per cent.
The findings of the report come at a time when the domestic currency is witnessing a rough period.
Mumbai: At a time when credit demand from India Inc has remained subdued, retail credit has posted a hefty growth led by property and personal loans.
According to the data released by Cibil, retail loans grew at an average growth rate of 25 per cent during the 18 months period from March 31, 2014 to September 30, 2015 as compared to 21 per cent growth in loans disbursed to industry.
In the retail loan segment, while the property loans saw a growth of 58 per cent, personal loans and auto loans posted a growth of 31 per cent and 30 per cent respectively. Some of the other products that grew are gold loans, credit cards and education loans.
( Source : Deccan Chronicle. )
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