Everyone’s going for a loan - India

‘The retail loan market has grown by over 100 per cent in the last two financial years — from Rs 44,100 crore in 2001-02 to Rs 100,000 crore in 2003-04 — and is expected to touch Rs 134,000 crore by March 2005.

A recent ICICI Bank-AC Nielson ORG Marg survey on retail spending says the composition of the banking system’s retail loan portfolio is largely skewed towards home loans, but the share of automobile and personal loans is on the rise.

The proportion of home loans was close to 47 per cent in 2003-04 while the shares of automobile and commercial loans were around 19 per cent each. The share of personal loans stands at around 10 per cent of the total retail loan portfolio.’



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