Data Drive: Rate-cloud on retail credit

The retail segment, led by housing and personal loans, has been driving bank credit growth. The share of retail loans for scheduled commercial banks has grown to 30.5% in FY22 from 19% in FY10. In contrast, the share of loans to industry dropped to 28.7% from 43% during the same period. The share has remained constant for both services and agriculture. In retail, the share of housing loans grew to 14.4% from 9.8%. That may slow down now with the reversal in the interest rate cycle. 

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