Big lenders have seen a surge in retail loan offtake over the seven months of the fiscal. Rising salaries coupled with pent-up demand for new homes and cars have given the desired shot in the arm to retail lending by banks across the country. For some like HDFC Bank and AXIS Bank, October has been the best month in terms of retail assets growth. Others such as ICICI Bank and Bank of Baroda have also witnessed significant improvement in credit offtake of the back of rising home and auto loans, said bankers

Question

Examsnet · Accepted Answer

Correct Answer is : October witnessed peaking of the retail bank loans market this fiscal, the revival made possible by rising salaries leading to an increased demand for home and auto loans across the country.

NIFT PG 2014 Question Paper with solutions