Unsecured personal loans make up just under 4 per cent of all loans:
New Delhi: Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers. Lending to companies has traditionally been the mainstay for banks in Asia's third-largest economy. But as India emerges from two years of slower economic growth, those loans are sour, large investment projects are stalled and company profits lacklustre.
For personal loan in chennai
Meanwhile, retail borrowers have escaped largely unscathed, with income levels still growing, albeit at a slower pace, and no large-scale job losses. The current push is the boldest since before the 2008 financial crisis, with some lenders aiming to increase loan books annually by a third or more, capitalising on Indians' growing appetite for luxuries like holidays abroad. And it is easy to see why, given the high margins and huge growth potential. India's 20 million credit cards - for a population of 1.3 billion - amount to just 0.5 per cent of total outstanding bank credit. Unsecured personal loans make up just under 4 per cent of all loans.
Source: http://www.asianage.com/business/indias-banks-turn-consumer-loans-counter-corporate-slowdown-075
New Delhi: Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers. Lending to companies has traditionally been the mainstay for banks in Asia's third-largest economy. But as India emerges from two years of slower economic growth, those loans are sour, large investment projects are stalled and company profits lacklustre.
For personal loan in chennai
Meanwhile, retail borrowers have escaped largely unscathed, with income levels still growing, albeit at a slower pace, and no large-scale job losses. The current push is the boldest since before the 2008 financial crisis, with some lenders aiming to increase loan books annually by a third or more, capitalising on Indians' growing appetite for luxuries like holidays abroad. And it is easy to see why, given the high margins and huge growth potential. India's 20 million credit cards - for a population of 1.3 billion - amount to just 0.5 per cent of total outstanding bank credit. Unsecured personal loans make up just under 4 per cent of all loans.
Source: http://www.asianage.com/business/indias-banks-turn-consumer-loans-counter-corporate-slowdown-075
We help you with a loan
ReplyDeleteLoan Offer (private individuals, traders, entrepreneurs, civil servants, etc ...)
- Annual interest rate: 3%.
- Type of offer
* Credit School
* Personal Loan\Business Loan
* Home Loan
* Auto Loan
* Investment Loan
* Acquisition of credit
For these above mentioned issues, please contact me via e-mail, because I very open and happy to help will be.All email needed a loan forward to
Email: rivafinanceloanlimited@gmail.com
TEL;+91998675567
Best Regard
Chris Oyas
This comment has been removed by the author.
ReplyDeleteWell written. Thank you for posting such information. Keep up the good work.I want to share some information on loans. Loans are extremely important when one wants to invest in good projects.To know more about loan related activities and to understand the procedure as well you can visit low emi personal loan in india .
ReplyDelete