New Delhi, April 15 -- Home loans continue to dominate retail credit, accounting for 51% of total personal loans in FY2024, remaining by far the largest segment, a report said.
However, this share has dipped slightly from 53.6% in FY2016, it remains by far the largest segment.
Further, how the personal loans are distributed across categories reveals a clear shift in how Indian households are using credit.
As per the data analysed by Client Associates (CA), a multi-family office, in its White Paper titled 'The New Indian Household Balance Sheet', the credit card usage has nearly doubled its share from 2.7% in FY2016 to 4.8% in FY2024 making it the fastest-growing segment, with a CAGR of 25.2% over the past decade.
Share of other personal...