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Retail loans to grow

Mumbai, Aug. 5: Households in India can sustain a 40 per cent growth in retail loan portfolio till 2008 without harming their credit profile, according to a Crisil study.

“The retail outstanding portfolio increased by 35 per cent in 2002-03 over the previous year to touch Rs 1,20,000 crore and Indian households have a large enough discretionary income to service 3.3 times the retail loan outstanding in same financial year,” Crisil said in a release here today quoting a Cris-Infac study on retail finance.

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