Finance
YellsyLoan Demand Heats Up While Retail Loans Fall Flat—Wake Up!
Listen up! Loan demand is heating up, growing by 9.6% year-on-year until November. Micro and Small industries are on fire, while retail loans are flopping like an undercooked soufflé! Infrastructure and textiles are thriving, but housing and credit cards? They’re a disaster! Vehicle loans are holding steady, but credit card growth is a miserable 2.4%. Get it together, banks!
few days ago | Aathira Varier
Quick rundown
1.Industry loan demand is gaining momentum with a 9.6% growth.
2.Retail unsecured loan growth has moderated further.
3.Gold jewellery loans skyrocketed with a 125.3% increase.
4.Vehicle loans saw a healthy rise to 12.4% growth.
5.Credit card growth significantly slowed to 2.4%.
