New Delhi, July 11 -- The next phase of India's retail credit growth is expected to come from a rise in credit per borrower, mainly driven by the housing loan segment, according to a report by Bernstein.

A major part of this growth is expected to come from the affordable housing segment.

The report highlighted that mortgages are set to become the key driver of retail credit growth in the country.

It stated, "We expect the next leg of growth to come from rising credit per borrower, led by mortgages."

Affordable mortgages, with a ticket size that offers around 3 per cent Return on Assets (RoA), represent a USD 500 billion lending opportunity.

The key factor for success in this area will be lenders' ability to scale and replicate their ...