Browsing Tag
bank credit growth
Banks likely to remain on profitable path in new year with robust credit growth – Times of…
NEW DELHI: Public sector banks appear to be out of the woods as they managed to reduce their bad loans and post record profits this fiscal, a trend which is likely to continue in 2023 also. Robust credit demand and high interest rate…
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…
Bank Credit Growth Accelerates To 14.2% In June Quarter: RBI Data
<!-- -->Metropolitan branches continue to account for over half of the bank deposits.Mumbai: Bank credit growth accelerated to 14.2 per cent in the quarter ended June 2022 from 6 per cent in the same period of the previous year, RBI…
Bank credit rises to over ₹120.46 lakh cr, deposits jump by 9.7%: RBI data
Bank credit rises by 10.82% on a year-on-year basis in the latest fortnight ending 6th May 2022, to over ₹120.46 lakh crore, the latest RBI data showed on Thursday.
The credit was at ₹119.56 lakh…
CRISIL Estimates Bank Credit Growth to Hit 4-Year High of 11-12% in FY23; What it Means
Backed by healthy economic growth and budgetary support from the government, bank credit growth is set to move up by 200-300 basis points to 11-12 percent in FY 23, estimated credit rating firm CRISIL in its latest market analysis.The…
Banks personal loans remain robust in Mar, credit to industry logs 7.1% growth
The Reserve Bank of India (RBI) on Friday announced the sectoral deployment of bank credit for March 2022. Banks' credit to industry and service sectors witnessed strong momentum in March, while personal loans continued on their…
Can’t say there is no demand for credit; banks to do loan outreach from October: Finance…
MUMBAI: Union finance minister Nirmala Sitharaman on Wednesday said it is too early to say if there is a lack of demand for credit and announced a district-wise outreach to be undertaken by banks to help credit growth from October. A push…