Citi has released its analysis of January sectoral credit deployment data, highlighting a slowdown in retail credit growth while gold loans continue to see strong momentum.
Key Takeaways from Citi’s Report
- Credit to NBFCs remains muted, though trade and services credit provide support.
- Home loan growth moderated YoY, with retail credit growth slowing to 14.2% YoY.
- Personal loan and credit card growth also slowed to 9% and 13% YoY, respectively.
- Retail gold loans surged 77% YoY, maintaining strong momentum.
- Industry credit growth remained steady at over 8% YoY.
- NBFC credit growth is expected to pick up gradually in the coming months.
Citi’s report suggests that while retail and home loans have softened, the gold loan segment remains resilient, reflecting higher demand for secured lending amid economic conditions.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Please consult with a financial expert before making any investment decisions.
