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Consumer loans hit a record in Q1 amid steep rise in electronic goods prices
Consumer financing reached new highs in the June quarter. This surge was fueled by greater financing of electronics and rising prices. Banks and NBFCs saw significant growth in consumer durable loans. Financing now accounts for a larger share of smartphone sales. Extended financing tenures help keep monthly installments affordable for consumers.
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economictimes.indiatimes.com
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Consumer loans hit a record in Q1 amid steep rise in electronic goods prices
Consumer financing reached new highs in the June quarter. This surge was fueled by greater financing of electronics and rising prices. Banks and NBFCs saw significant growth in…
- ·
Consumers adjust to a supply squeeze - The Economic Times
Consumers are increasing borrowing to afford rising prices on electronics and gadgets. Easy digital credit fuels this demand, but household budgets are strained. Electronics…