- There was a decrease in the Bank Loans to individual customers under the portfolios viz Home Loans and Credit Card Loans, as also Loan against Fixed Deposits, by over Rs. 74,790 crore in the months of April and May 2020.
- Normally the first quarter of a year records a low figure, since Corporates tend to repay some of the high borrowings which they undertake at the end of the previous fiscal.
- The overall drop in the food credit in April and May was Rs. 1.82 lakh crore and is in line with the drop that was seen in the previous year.
- However, in the current fiscal it was observed that there was a notable drop in borrowing by individuals across all categories.
- The Home Loans and Credit Card outstanding showed a growth through the year, but the first two months of this fiscal was seen to be lowered.
- The Credit Card outstanding shrunk by Rs. 15,207 crore to below the Rs. 1 lakh crore level to Rs. 92,887 crore.
- Last year, the credit card debt during the same period had grown by Rs. 5,381 crore. Home Loan outstanding also fell by Rs. 9,817 crore in April and May to Rs. 13.3 lakh crore.
- Also, in the last year, for the same period had shown a growth in the Home loan by Rs. 16,815 crore.
No Comments