NIFT PG 2014 Question Paper with solutions

Question : 117 of 150

Marks: +1, -0

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

There has been an upsurge in the retail loans market this fiscal with October being the best month for most leading banks such as HDFC, ICICI etc.
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.
HDFC, ICICI, AXIS, BoB are the leading banks that collectively led the revival of the home and auto loans market across the country, with October as the best month.
After a long period of lull, October saw the revival of retail loan markets as evidenced by the performance of HDFC, AXIS, ICICI and other leading banks across the country.

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