BANK WITNESSED HIGH DEMAND FOR INDIVIDUAL LOANS

According to December report bank witnessed a sharp upturn in demand loans from individuals, it is a survey by the Reserve Bank of India has found. While a demand of funds form industrial sector is slow, bankers are less optimistic about in lend to the infrastructure, mine sectors according to the survey.

The Covid 19 pandemic and the lockdown has resulted in contraction of loan demand across all sectors. The loans recorded the high fall during the April-June Quarter of 2020. “In the major sectors, bankers have generally expecting high demand for retail loans and agriculture segments in recent times, followed by manufacturing and services” RBI said.

And then the responses suggest that perceptions on retail and personal loans, which were hit during the period, have also take back. The respondents expressed lower optimism for infrastructure, mining and quarrying sectors when compared to other major sectors.

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