India retail lending rises 15.8% as bank credit expands 18.6%: Haitong
Haitong Securities India said retail loans grew 15.8% year-on-year in June 2026, led by housing, vehicle, jewellery and education finance. Consumer-durable lending declined, while credit-card receivables rose about 2%.
India’s bank credit grew 18.6% year-on-year in June 2026. Retail loans rose 15.8%, supported by housing, vehicle, jewellery and education finance, while consumer-durable lending declined and credit-card receivables grew about 2%.
Why this matters
The June 2026 update extends Haitong Securities India’s recent signal that retail credit grew 15.8% while consumer-durable and card demand stayed muted, with housing, vehicles, jewellery and education driving lending.
Retail-company signals are accelerating, up +225317% QoQ.