Credit information company Cibil has said the proportion of bad
loans in the housing segment has more than halved in the past five years. The
percentage of non-performing assets (NPAs) from the home loans segment has
dropped to 0.57 in March 2015 compared to 1.06 at the end of 2010, a Cibil
report said.
The company attributed the lower
delinquencies to availability of timely credit information for lending.It can be noted that all the lenders check the
history of potential borrowers with a credit information company like Cibil
before taking a call on the loan proposal.The history also helps the lenders
in pricing the product.
The Cibil report said Mumbai and Pune account
for most such enquiries from banks for availing the details of potential
borrowers, which is followed by Delhi and Bengaluru.It said 3.9 lakh new
home loan accounts were opened during January-March this year.
It can be noted that in the face of slowing
demand from the corporate segment, all banks have been focusing strongly on the
retail segment, and within that the high value home loans have been a
favourite.Even though a longer tenure
loan can result in potential asset liability mismatches, banks are interested
in this stream as the segment is considered very safe because of low
probability of NPAs.
On credit cards, which constitute a part of unsecured lending, the
Cibil report said there was a growth in new accounts to 10.8 lakh for the
January-March period, as against 8 lakh in the year-ago period.
On the asset quality in this segment, Cibil said there has been an
improvement to 1.06 per cent as of March 2015 as against 3.27 per cent at the
end of 2010.The financial capital leads in the credit card applications as
well, followed by Delhi and Bengaluru, it said.
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