The recently released report from CIBIL provides good insights into the current state of the consumer loan growth journey. Given their access to all market participants (banks and NBFCs) we see this product as one of the most important reports to understand these businesses.
Credit Card
Overall receivables grew 31% yoy led by 29% yoy volume growth and 3% yoy growth in average balances. Growth is focused primarily on prime and near prime (650-750). Origination volumes increased 22% yoy with ~50% of this coming from consumers having a single card.
Personal Loans
Overall loans grew ~70% yoy led by 30% yoy volume growth and 4% yoy growth in average ticket size (Rs 0.2 mn).
Tier-1 cities namely Mumbai, National Capital Region (NCR), Chennai, Kolkata, Hyderabad, Bengaluru, Pune and Ahmedabad
account for 50% of outstanding retail loans.
