Demand for high-ticket retail loans rises

More people in big and medium-sized cities are taking larger loans for homes, cars, and motorcycles.

Banks are happy to give these loans to people who already have a good credit history.

Big home loans (over ₹1 crore) and expensive cars (over ₹15 lakh) are growing fast.

Small home loans (between ₹2 lakh and ₹25 lakh) are having a bit more trouble with people not paying on time.

Banks are also getting more customers by offering to transfer their existing home loans.

The report says that changes in taxes and the festive season helped boost loan demand.

Banks need to be careful to lend responsibly while growing their loan business.