Consumer Durables News

Analysts bet on consumer financiers as festive cheer perks up loan demand


Web Exclusive

Demand for consumer goods, automobiles, white goods has been holding momentum, which should translate into good credit off take for consumer financiers this festive season, analysts said

Topics

Consumer Durables | festive season | loans



Nikita Vashisht  | 
New Delhi 


While business loans will benefit from macroeconomic tailwinds, given the expected growth of 7.3 per cent in gross domestic product in FY23, consumer loans will benefit from rising retail spend across consumer durables, travel, and other personal consumption activities, notes the credit rating agency



With the festival season around the corner, analysts see consumer-financing companies doing extremely well in the next few months. This, they say, will be driven by strong credit growth on the back of massive pent-up demand.



TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS


What you get on Business Standard Premium?


OR







Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



First Published: Thu, September 15 2022. 09:53 IST





Source link

Leave a Comment