NEWS & ADVICE : CAR LOANS
Crisil says small towns are big biz prospects for banks
By Vaibhav Aggarwal
Aug 5, 2011
Print    Email    RSS   

Small towns (tierII markets) have been found to be a more lucrative business prospect for banks. With penetration of banking facilities being low, growth prospects stand high for lenders in these cities, reports rating agency Crisil.

It is expected by the agency that with increasing demand of retail loans, the penetration of financial institutions in these areas is going to see a rise.

Crisil has identified 15 such Tier II cities where the prospects of growth are very strong. These include Bhopal, Coimbatore, Indore, Jaipur, Kanpur, Kozhikode, Lucknow, Ludhiana, Madurai, Mysore, Nagpur, Nashik, Rajkot, Thiruvanathapuram and Visakhapatnam.

Out of these centers, Crisil says that 10 centers are most likely to see a rise in car loans by 20% in terms of CAGR (compounded annual growth rate).

Also, it is likely that in 7 amongst these centers, disbursements for loan against property (LAP) would see a big rise.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Spend some time to get the best car insurance
Loans against Cars: A Quick Solution for...
Carnival of Indian Personal Finance Blogs #3
Carnival of Indian Personal Finance Blogs #4
Bank loans that could glitter for you


Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive