Banks’ retail loan growth outpaced the overall non-food credit expansion as consumers bought automobiles and electronics, RBI data showed. In May, retail loans grew 16.3% year-on-year to an outstanding R9.27 lakh crore, higher than the 14.8% growth in banks’ non-food credit. In the first two months of 2013-14, retail loans grew 3%.Within retail loans, auto loans grew fastest by 27.6% to R1.16 lakh crore followed by consumer durables which grew 22%. Home loans grew at a healthy pace of 17.1% to an outstanding of R1.80 lakh crore as on May 31.

Source: http://www.financialexpress.com/news/retail-loan-grows-16.3-in-may/1135321