Rising finance penetration to provide impetus to consumer durable financing: ICRA

MUMBAI: Banks and non-banks will continue to vie for the consumer durable loan share in 2018, according to a report released by rating agency ICRABSE 0.09 %. In the law few years need for higher returns has led financial institutions aggressively expanding presence in the unsecured retail credit market.

According to ICRA’s analysis, the growth in such short tenure loans is expected to translate into a portfolio size of about Rs. 70000 – 75000 crore by March 2021. Of this, NBFCs’ .

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