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  • Banks recorded 6% credit growth in June 2021: RBI data Aug 31, 2021 07:48 PM IST

    Banks recorded 6% credit growth in June 2021: RBI data

    The credit growth across sectors slumped due to falling demand after the COVID-19 pandemic hit the Indian economy. However, the government’s initiatives to push credit to the productive sectors through government-guaranteed schemes have helped to create demand.

  • COVID impact: Industrial loan growth remained in negative zone during fiscal year 2021, says RBI Jun 29, 2021 06:32 PM IST

    COVID impact: Industrial loan growth remained in negative zone during fiscal year 2021, says RBI

    Personal loans continued to grow at a robust pace and recorded 13.5 per cent growth y-o-y in March 2021. Credit to the household sector rose by 10.9 percent and its share in total credit rose to 52.6 per cent in March 2021 from 49.8 percent a year ago, the central bank said.

  • Higher capital buffer lowers liability cost for banks, pushes credit growth, says RBI paper Jun 11, 2021 07:44 PM IST

    Higher capital buffer lowers liability cost for banks, pushes credit growth, says RBI paper

    A higher CRAR reallocates loan portfolios away from unsecured loans towards secured and low-risk loans, the researchers said in an RBI occasional paper.

  • Rakesh Jhunjhunwala lists SBI & Canara Bank as top picks in PSU banking space May 27, 2021 09:58 AM IST

    Rakesh Jhunjhunwala lists SBI & Canara Bank as top picks in PSU banking space

    Both Canara Bank and SBI reported strong earnings for the March 2021 quarter.

  • Bank credit grew 6% in November on Y-o-Y basis, shows RBI data Dec 31, 2020 07:14 PM IST

    Bank credit grew 6% in November on Y-o-Y basis, shows RBI data

    Reversing the downtrend, credit growth to agriculture and allied activities accelerated to 8.5 percent in November 2020.

  • PNB plans to raise Rs 7,000 crore from QIP in December, credit growth to be less than 5% Nov 03, 2020 02:35 PM IST

    PNB plans to raise Rs 7,000 crore from QIP in December, credit growth to be less than 5%

    The country's second largest state-owned lender expects the credit growth to pick up slightly in the second half but it would be less than 5 per cent for the entire fiscal.

  • Big industry borrowed more during the first month of lockdown, RBI data show Jun 02, 2020 10:24 AM IST

    Big industry borrowed more during the first month of lockdown, RBI data show

    Salary cuts and layoffs seem to have affected consumption and personal loans.

  • India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers Feb 07, 2020 08:52 AM IST

    India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers

    "If you want to reach a USD 5 trillion economy, the outstanding credit, which is around Rs 95-98 trillion, it will have to be doubled, which means we need to grow (credit) at around 15 per cent," State Bank of India's Chairman Rajnish Kumar said at an IBA event.

  • Kotak Mahindra Bank goes slow on loan growth as slippages remain high Jan 21, 2020 12:31 AM IST

    Kotak Mahindra Bank goes slow on loan growth as slippages remain high

    The bank saw Rs 1062 crore worth of new additions to bad loans in the third quarter. The lender had reported slippages of Rs 800 crore in the first and Rs 1000 crore in the second quarter of current financial year.

  • Union Bank of India sees credit pick up in H2, pares credit growth target to 7-9% Nov 14, 2019 07:53 PM IST

    Union Bank of India sees credit pick up in H2, pares credit growth target to 7-9%

    The bank may look at raising up to Rs 4,000 crore via Additional Tier-1 bonds in the fourth quarter if required.

  • Union Bank of India sanctions loans of Rs 3,000-4,000 crore since “loan mela” kick off Oct 16, 2019 10:14 PM IST

    Union Bank of India sanctions loans of Rs 3,000-4,000 crore since “loan mela” kick off

    Rai said that banks may impose the commitment fees on unutilised credit limits from large and mid-sized corporates.

  • Macro Matters | How bad is the current slowdown in the Indian economy? Aug 19, 2019 01:45 PM IST

    Macro Matters | How bad is the current slowdown in the Indian economy?

    Bank credit numbers give us an insight about the extent of the slowdown

  • Editor's Take | Credit growth focus of RBI Aug 07, 2019 06:37 PM IST

    Editor's Take | Credit growth focus of RBI

    In this episode of Editor’s Take, Shraddha Sharma talks to Moneycontrol's Deputy Executive Editor Ravi Krishnan about the unique rate cut by the MPC

  • Economic Survey 2019: Decline in banks' bad loans to help push capex cycle Jul 04, 2019 03:45 PM IST

    Economic Survey 2019: Decline in banks' bad loans to help push capex cycle

    The Indian banking sector has been reeling under the pressure of rising bad loans. However, lenders, including state-run banks, showed improvement in the asset quality.

  • Bank credit growth till January healthy, driven by retail loans and lending to NBFCs Mar 01, 2019 03:16 PM IST

    Bank credit growth till January healthy, driven by retail loans and lending to NBFCs

    Credit to NBFCs grew a whopping 48 percent which reflects the bid to provide funds to NBFCs in the aftermath of the liquidity crisis that engulfed the sector since September last year.

  • Lakshmi Vilas Bank looks at building retail base; lending is still slow: CEO Oct 13, 2017 03:50 PM IST

    Lakshmi Vilas Bank looks at building retail base; lending is still slow: CEO

    The old private sector lender, which reported a deterioration in its asset quality in the second quarter, will look at pulling itself up in the next two years as it aims to raise Rs 800 crore this year.

  • Bank of America-Merrill Lynch pegs over 15% credit growth this fiscal Jun 27, 2017 07:45 PM IST

    Bank of America-Merrill Lynch pegs over 15% credit growth this fiscal

    Credit growth may pick up to 15 percent in FY18 from 9 percent in FY17 with the demonetisation shock tapering off and rate cuts on the anvil, according to Bank of America- Merrill Lynch.

  • Axis Bank cuts home loan rates to an industry low of 8.35% for all customers May 18, 2017 01:24 PM IST

    Axis Bank cuts home loan rates to an industry low of 8.35% for all customers

  • Latest credit growth data comes in at measly 4.3%, even below FY17's 63-year-low rate May 10, 2017 08:50 PM IST

    Latest credit growth data comes in at measly 4.3%, even below FY17's 63-year-low rate

    The new fiscal year began on a sour note for bank credit growth, which slipped to 4.32 per cent in the fortnight to April 28, much lower than the 63-year low level of 5.08 per cent in fiscal 2017, the latest RBI data showed.

  • Expect improvement in gross NPAs in FY18: Magma Fincorp. Apr 05, 2017 02:53 PM IST

    Expect improvement in gross NPAs in FY18: Magma Fincorp.

    Kailash Baheti of Magma Fincorp expects improvement in provision coverage ratio.

  • HDFC Bank focuses on expanding corporate loan book, refinancing and term loans Mar 31, 2017 01:38 PM IST

    HDFC Bank focuses on expanding corporate loan book, refinancing and term loans

    Having emerged unscathed from the bad loan mess roiling the banking sector, HDFC Bank is now looking to expand its corporate loan book.

  • MPs for bad bank, ask parliamentary panel to take steps to boost credit growth Mar 15, 2017 03:27 PM IST

    MPs for bad bank, ask parliamentary panel to take steps to boost credit growth

  • COMMENT: Why the December quarter GDP numbers are a hard act to follow Mar 01, 2017 05:40 PM IST

    COMMENT: Why the December quarter GDP numbers are a hard act to follow

    In one of his addresses, Prime Minister Narendra Modi spoke on the timing of demonetisation, saying that you treat a patient when he is healthy and not when he is weak. His assessment of the economy being healthy at the time of demonetisation seems to be correct if the latest GDP numbers are to be believed.

  • Asset quality of banks to worsen in Q4FY17 than Q3: Moodys Feb 23, 2017 03:19 PM IST

    Asset quality of banks to worsen in Q4FY17 than Q3: Moodys

    Srikanth Vadlamani of Moody's Investors Service says broader credit growth will be lower in Q4 than before demonetisation levels.

  • BoM expects break even in Q4, 10 pc credit growth in FY'18 Feb 17, 2017 08:46 PM IST

    BoM expects break even in Q4, 10 pc credit growth in FY'18

    PTI,Bank of Maharashtra,signs of improvement,break even in the Q4,credit growth

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