Consumer Lending in India - New Market Report
Consumer lending grew at a higher rate in 2013 than in 2012 and in 2011. This was despite negative economic sentiment in terms of low growth, high inflation and high interest rates. The high growth was partly due to smart positioning of products by banks, such as pushing credit cards, housing loans and auto loans to self-employed individuals and partly it was because the impact of recession was less on individuals compared to the corporate segment. Not only growth was...
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