The flow of personal loans rejects 0 1 percent in the twelve months to October 2009. The reduction of credit standards for unsecured loans shows. According to statistics, decreased flow of personal loans 0. 1 percent in the year to October 2009, as against 15 percent a year ago. The Reserve Bank of (RBI), India declaration of personal loans include housing loans, outstanding credit card and consumer durables financing by banks, education loans and advances to deposits. In the last five years this segment as retail lending by banks was called the most important growth driver for most companies. While the lower unsecured loan was part of the strategy adopted by banks following the credit crisis, decreased demand for housing loans in the past 18 months as the buyer purchases because of high property prices and the uncertainty of income shifted. While India is not the RBI’s latest figures for credit cards and loans for consumer durables, Deputy Governor, Mr. Gopinath disclosed, said the contraction in these sectors has continued. If the RBI had recently published the disaggregated data, in the year to August 2009 was lower credit outstanding 14th 3 percent. Similarly, consumer durables loans had declined 16th 7 percent. In the course of the year to August 2009, the segment 2 had a personal loan to be seen. 3 percent increase. According to statistics published in the RBI Bulletin, in late October, the credit card base by 21 per cent had dropped to 21st 1 million, compared with 26 7 million a year ago. The outstanding fell to 12th 13 per cent to Rs 5660 crore end of October 2009, from 6442 crore a year ago. In the year to October slowed the growth in total bank loans to include 9th 9 of 29 percent. 4 percent a year earlier as demand, as the credit crisis had its climax intensified. Gopinath said that the credit flow (yoy) for agriculture um 19 9 percent (23 4 percent during the year ended October 2008), followed by industry (14 8 percent compared to 37th 4 percent) and the service sector (6 3 percent compared to 35th 5 percent). But two sectors, the RBI maintains a close vigil was not as strongly affected by the total credit extended downturn. Loans to real estate and non-banking financial companies continue to record high growth of 21. 2 percent (44 2 percent in October 2008) and 20 8 percent (60. 5 percent), and Indian companies had a large part of its ongoing investment in capital expenditure financed by the long cycle of retained earnings. RBI data showed that during the year ended October 2009, the single sample non-food credit, 61 2 percent received by the industry, while 15th 8 percent went to the service sector (compared 28. 4 per cent) a year ago. There was a 0. 2 percent decline in the incremental flow personal loans banks culling was stopped credit and financing consumer durables. Within the industry, much of the additional credit for infrastructure (70 has been absorbed. 6 percent), basic metal industries (16. 9 percent), textiles (4. 1 percent) and construction 2. (9 percent). The shares of infrastructure, basic metals and fabricated metal products, beverages and tobacco and paper, paperboard and total incremental credit to industry in October 2009 from its level increases a year ago.

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