The consumption wave led by India’s young population, has fuelled the massive growth in retail credit. Simultaneously, small and medium enterprises which contribute to over a fifth of India’s GDP are now looking at relevant financing solutions in order to take their businesses to the next level.
Despite this, retail credit in India continues to be under-penetrated, be it in mortgages, SME, agri-credit or microfinance, thereby offering an increased scope for financing to entrepreneurs and business owners.
The Government’s push towards creating a digital financial footprint for the nation and the resultant democratisation of credit will help drive growth in this segment.
At Edelweiss, we have a robust retail credit offering and solutions that are designed to address an array of financing needs.
Our wide footprint across the country, enables us to promptly and efficiently cater to a cross section of customers, across Entrepreuners, Business Owners, MSMEs and SMEs, offering them quick turnaround times, helping them deploy the funds faster.
Business highlights (as on March 31, 2019)
> Retail credit book of Rs. 181 billion
> 44% CAGR in capital employed over FY15
> Increased location footprint
> SME and Retail Mortgage continue to be key focus areas