Banks' loan growth picks up on demand from retail borrowers
Banks' loan growth improved in the first two months of the second half of the fiscal year as demand from home loan and retail borrowers picked up
December 12, 2012 / 22:41 IST
Banks' loan growth improved in the first two months of the second half of the fiscal year as demand from home loan and retail borrowers picked up.
Also read: Banks advised to review charges levied on remittancesBank loans grew 3.1 percent to 49.6 trillion rupees during October-November from 2.2 percent in the April-September period, according to the Reserve Bank of India data released on Wednesday."I think the remaining four months in the fiscal year will be good and will cover up for the last few months," said TM Bhasin, chairman and managing director at state-run Indian Bank.However, deposit growth remained muted in October-November at 0.5 percent against growth of about 5 percent in the first half, due to festive season currency withdrawal. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
