Nascent recovery signs visible in credit demand, says lenders
Analysts tracking the sector also concur that demand is reviving, underpinned by low borrowing costs and improving business sentiment.
Synopsis
Lenders indicated that fresh requests and sanctions were up by at least 5-10% in June over April and May when the second Covid wave ravaged the country. Analysts tracking the sector also concur that demand is reviving, underpinned by low borrowing costs and improving business sentiment.
Lenders across the board are seeing early signs of revival in credit demand as the second Covid wave subsides in India, prompting enquiries in segments such as working capital loans, mortgage transfers, securitisation, unsecured borrowing and home loans.
Lenders attribute this rise to pent-up demand that could trigger incremental credit growth as lockdowns are eased.
“It’s still very nascent but we are seeing early signs of recovery in some
