Drop in home loan demand hits Q2 retail credit growth
Tuesday, 6 February 2024 Retail credit growth slowed in FY24 Q2, attributed to reduced home loan disbursements, particularly in the sub-Rs 35 lakh category. Delinquencies increased in credit cards and personal loans, while improving in other sectors. Despite a surge in outstanding balances for personal loans, overall share in retail credit portfolio marginally increased.
Credit Card Debt , in the US Hits Record , $1.13 Trillion.
According to the latest data from the Federal Reserve
Bank of New York, the credit debt balance of consumers
in the United States has hit a record high of $1.13 trillion.
ABC reports that in the fourth quarter of
2023 alone, credit card...
Tuesday, 6 February 2024
