The value of female-owned loans has climbed by 18%, reaching an impressive ₹36.5 lakh crore.
In the financial landscape of 2024, a significant shift was observed in the credit portfolios of women borrowers. Despite an overall growth in the retail portfolio, which expanded by 16.7% to Rs 142.3 lakh crore, the share of women borrowers in active loans saw a decline from 17% to 15%.
One intriguing development was the decrease in the share of the portfolio outstanding for women borrowers in credit cards. Although the search results did not provide a direct cause, possible reasons could include changes in credit policy or lending criteria, economic or social factors impacting women’s credit utilization, increased credit risk or performance concerns, or greater repayments by women borrowers.
This decrease would likely result in a reduction in the number of active credit cards held by women and a lower proportion of women borrowers among active credit card holders.
In contrast, other loan products, such as business loans, home loans, gold loans, and education loans, saw an increase in the share of the portfolio outstanding for women borrowers. Business loans accounted for 25% of the portfolio outstanding for women borrowers in retail loans in December 2024, while home loans accounted for 32%. Gold loans contributed to 43%, and education loans accounted for 36%.
The number of active women borrowers with loans increased to 8.3 crore in 2024, up from 7.5 crore in the previous year. However, the specific impact on active credit cards and the share of women borrowers in active loans during this period remains to be further investigated.
In conclusion, the decreased share of portfolio outstanding for women on credit cards in 2024 likely reflects a combination of borrower behavior, credit policy adjustments, and macroeconomic factors. While no direct, detailed data was found in the current search results, further research is needed to confirm these points and provide a more definitive answer.
Read also:
- Deepwater Horizon Oil Spill: BP Faces Record-Breaking Settlement - Dubbed 'Largest Environmental Fine Ever Imposed'
- Lawsuit of Phenomenal Magnitude: FIFA under threat due to Diarra's verdict, accused of player injustice
- Expansion of railway systems, implementation of catenary systems, and combating fires: SNCF adapting to the summer heatwave
- Citizen Thekla Walker, Minister, advises: "Let's focus on our own homes first"
