The Daily Brief Sharp slowdown in bank lending
6 snips
Dec 6, 2024 The podcast dives into the troubling disparity between loan and deposit growth in India's banking sector. It discusses the RBI's initiatives to tackle this issue and explores the rise of quick commerce, particularly 10-minute delivery services. Competition between major players like Swiggy and Zepto highlights the challenge of balancing speed with sustainability. Additionally, it examines how traditional Kirana stores are feeling the pressure from these platforms, alongside insights on India's services PMI and oil market challenges.
AI Snips
Chapters
Transcript
Episode notes
RBI's Loan Control Measures Effective
- RBI's measures to control loan growth seem to be working.
- Credit growth is slowing down, and the gap between loans and deposits is shrinking.
Personal Loan Slowdown
- Personal loan growth has slowed significantly, impacting fintechs and NBFCs.
- Rejection rates for credit cards are rising, and credit limits are shrinking.
Quick Commerce Evolution
- Quick commerce has evolved from last-minute orders to a diverse product offering.
- Swiggy's Bold service delivers 85,000-90,000 orders daily in 10 minutes.