Browsing Tag
bank credit
PM Modi urges financial institutions to reduce cost of credit for small businesses
NEW DELHI: India has emerged as the “bright spot” of the global economy and is playing a key role in the supply chain, Prime Minister Narendra Modi said on Tuesday, urging stakeholders to take full advantage of this opportunity, and…
RBI May Need To Continue Infusing Longer-Term Liquidity In System: Analysts
<!-- -->More recently, liquidity has been oscillating between a surplus and a marginal deficit. (File)Mumbai: The Reserve Bank of India's move to inject longer-term liquidity through a tool it had left untouched for three years is…
Indian banks’ credit to services sector jumps 21.3% in November: RBI – Times of India
MUMBAI: Indian banking system's outstanding credit to the services sector jumped by 21.3% year-on-year in November as compared to 3.2% a year ago, data released by the Reserve Bank of India showed on Friday.The jump was led by a 33% rise in…
Strong bank loan growth in FY23 despite higher interest rates: Fitch – Times of India
NEW DELHI: Fitch Ratings on Monday said India's bank creditwill see strong growth in current financial year despite effects of higher interest rates. It said the strong loan growth should benefit net revenue, particularly as it will be…
At 18%, growth in loans double that of deposits – Times of India
MUMBAI: Bank credit growth has accelerated to 18% for the fortnight ended October 7. This is almost twice the growth rate of deposits. If this pace of growth continues, banks may find a wedge between the loansthey disburse and their…
Individuals borrow more, corporates deleverage – Times of India
MUMBAI: Even as the year-on-year growth in bank credit has crossed 14%, the highest in three years, the corporate loan book of banks continues to be stagnant. According to data released by RBI, the bulk of the increase in bank lending has…
Credit Growth By Banks Accelerates To 14.2% During April-June 2022: RBI Data
In an indication to the economic recovery, growth in loans extended by scheduled commercial banks (SCBs) picked pace to 14.2 per cent in the June 2022 quarter, compared with 6 per cent in the year-ago quarter. On a sequential basis also,…
Home Loan Share In Bank Credit Rises To 14.4% in June 2022 from 13.1% in March 2020: Report
The share of ‘housing loans’ in bank credit has increased to 14.4 per cent in June 2022 from 13.1 per cent in March 2020, and housing contributes around 50 per cent of the personal and retail loans, according to a report by SBI. It added…
Bad loans of banks expected to decline further to 5.3% by March 2023: RBI report – Times of…
MUMBAI: The Reserve Bank on Thursday said the bad loans of banks are expected to further decline to 5.3 per cent of total advances by March 2023 from a six-year low on the back of growth in credit and declining trend in the stock of NPAs.…