India's retail credit growth slowed in Q2, with NTC consumer originations falling, and home and credit card loans declining.

India's retail credit growth slowed in the June quarter as lenders tightened credit, especially for consumption-driven products. A TransUnion CIBIL report indicated a drop in new-to-credit (NTC) volumes, with NTC consumer originations declining from 16% to 12%. Home loan originations fell by 9%, while credit card originations decreased by 30% year-over-year. Despite these declines, the Credit Market Indicator remained stable at 101, indicating ongoing healthy lending trends.

September 23, 2024
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