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Demonetisation - Case logins Down Significantly

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As an example to highlight slowdown in demand, Bajaj Finance highlighted that case logins with Credit Bureau - CIBIL for a period of November 21-24 as compared to November 7-8 were down by 14% for private banks, 42% for public banks and 8-17% for NBFCs/HFCs.

Bajaj Finance shared indicators such as number of logins and actual disbursals across products ranges for 30 days post Diwali and a
comon versus previous year. Broadly, while select segments have seen a decline yoy overall volumes growth suggests a positive trend. We do not have industry growth trends for November but growth in volumes itself may imply improvement in market share given anecdotal evidences of volume decline in consumer-oriented businesses over the last month. Online enquiry data at Transunion CIBIL, shared by BAF, suggests the same.

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