Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for India
INDFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79,210,145,000,000.00
Year-over-Year Change
515.07%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the outstanding loans to households at commercial banks in India. It provides insights into the level of household borrowing and the availability of credit in the Indian financial system.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The outstanding loans to households at commercial banks in India is an important indicator of household access to credit and the overall health of the lending market. It reflects the willingness of banks to extend credit to individual consumers and the demand for such loans.
Methodology
The data is collected directly from commercial banks operating in India and aggregated by the Reserve Bank of India.
Historical Context
Policymakers use this trend to monitor credit conditions and assess the impact of monetary and financial policies on household borrowing.
Key Facts
- India's outstanding household loans at commercial banks totaled $1.2 trillion in 2021.
- Household loans account for approximately 25% of total bank lending in India.
- The outstanding loans trend has grown by an average of 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by commercial banks in India to households, providing insight into household access to credit.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the health of the Indian consumer credit market and the ability of households to access financing, which has implications for economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in India and aggregated by the Reserve Bank of India.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to monitor credit conditions and assess the impact of monetary and financial policies on household borrowing and consumption.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for India (INDFCSODCHXDC), retrieved from FRED.