Woman Borrower Portfolio Jumped 19% to Rs30.95 Lakh Crore; Personal, Property Are Top Loans
Moneylife Digital Team 05 March 2024
The overall retail loan portfolio grew to Rs117.36 lakh crore in December 2023 from Rs100.29 lakh crore in December 2022, registering a growth of 17%. The portfolio outstanding of women borrowers grew to Rs30.95 lakh crore in December last year from Rs26.00 lakh crore in December 2022, registering a faster growth rate of 19%, says a report.
The report from CRIF High Mark reveals a comparison across various loan portfolios for women borrowers from FY2021-22 to December 2023. The data highlights that the highest yearly increase in portfolio outstanding of women borrowers was witnessed in two-wheeler loans at 26% and personal loans at 26% as of December 2023. The data also highlights that the highest yearly increase in active loans of women borrowers was witnessed in personal loans at 52% and property loans at 39% as of December last year.
CRIF High Mark says, as of December 2023, the share of portfolio outstanding of women borrowers in retail loans saw higher contribution from gold loans at 44% share, education loans at 36%, home loans at 33% and loans against property at 30%.
The share of women borrowers in overall retail loans (by value) has remained stable at about 26%, the report says, adding, "The number of women borrowers with active loan stood at 7.83 crore as of December 2023, increasing from 6.65 crore as of December 2022 with an annual growth of 17.8%. The number of male borrowers with active loans increased to 20.17 crore from 17.83 crore, a yearly growth of 13.1%, during the same period."
According to CRIF High Mark, the share of live loans of women borrowers in retail loans saw higher contributions from gold loans at 43%, business loans at 38%, and education loans at 36% as of December 2023.
Talking about the average ticket size (ATS) of loans given to women borrowers, the report shows an increase across all major retail loan products from calendar year (CY)2022 to CY2023 except personal loans and agriculture and tractor loans.
"ATS of personal loan for women borrowers has reduced by 13.3% from 2022 to 2023 while that for men borrowers has also reduced by 9.5% during the same period. ATS for personal loans and auto loans is higher for women borrowers than men borrowers in 2023 while ATS of gold loans, two-wheeler and consumer durable loans for both women and men borrowers is same in 2023," the report says.
According to CRIF High Mark, women borrowers from southern states have higher credit exposure compared to western and northern states. It says, "As of December 2023, Maharashtra is the top state with highest credit exposure for women borrowers availing a home loan, business loan, loan against property, auto loan, credit card, education loan and consumer durable loan." 
"Tamil Nadu is the top state for women borrowers availing personal, gold and two-wheeler loans. The share of top five states in portfolio outstanding for women borrowers as of December 2023 is highest for gold loans at 83%, education loans at 62%, and home loans at 57%," the report says.
The CRIF High Mark report also reveals that education loans, two-wheeler loans, and loans against property and business loans witnessed the highest growth in origination value from FY21-22 to FY22-23 among major retail loan products availed by women borrowers.
It says, "Originations (value) to women borrowers in first three-quarters of FY23-24 already surpassed originations (value) in FY22-23 for education loan. By volume, all major loan products availed by women borrowers witnessed growth from FY21-22 to FY22-23, except agricultural and tractor loans. Originations (volume) for women borrowers during the first three-quarters of FY23-24 is lower compared to originations (volume) for all products in FY22-23."
Further, the share of new to credit (NTC) originations volume among women borrowers is higher compared to men borrowers in 2023 for all major products except gold loans, the report shows.
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