RBI data shows that between 27 March and 8 May, total outstanding non-food credit shrank by ₹1.36 tn, or about 1.32% Retail loan demand snuffed out by the coronavirus lockdown is beginning to show signs of life with bankers reporting loan applications and disbursals in areas where curbs have been eased.
Housing Development Finance Corp. Ltd (HDFC) said it is seeing home loan disbursements rising by the day, although the figures are not comparable to the previous year.
The mortgage lender has spotted the trend across cities, barring Mumbai and Delhi, the two big markets where restrictions continue. “We have started seeing a little bit of traction.