|
Useful Links |
|
|
Article Details :: |
|
|
| Article Name : | | | ROLE OF ORGANIZED RETAIL SHOPS AND NBFCS IN PROMOTING CONSUMER DURABLE CREDIT | | Author Name : | | | Jayasree Pradeep Nambiar | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-3870 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | Indian cities are crowded with organized retail malls. This gradually changed the consumption pattern of the growing middle class in India. Easy availability of consumer durable loans from the organized retail malls also contributed to this change. Recent study by RBI noticed an increase in the consumer durable loans extended by banks. But NBFCs are prominent players in this field. In the study area (Pimpri-Chinchwad area) nearly 30 to 40% of total monthly purchase from the malls has been financed by the NBFCs. Reduction in the credit card purchase also indicates the popularity of consumer durable loans. The growth pattern of Bajaj Finance and Tata Capital, the two prominent NBFCs in consumer durable loan, shows an upward trend over the years. The NBFCs-non-deposit taking are subject to minimal regulations from RBI. NBFCs directly offers consumer durable loans the from renowned organized retail outlets such as Crome, Vijay Sales etc. | | Keywords : | | |
|
|