Retail Credit

BFL 3.0 aims to meet the financial needs of its 200 million customers by integrating AI technology across all operations, the management said

NBFC retail credit to grow 18% this fiscal: Study

The retail credit had witnessed a growth of 14.5 percent in the previous previous financial year. According to domestic credit rating agency, ICRA, the tractor segment could witness a dampening of growth as lenders remain cautious in light of the weak rainfalls over the past three crop cycles.

PSBs cut rates for Diwali, will pvt banks follow?

Public Sector Banks in the country have been reducing rates on home, auto and personal loans to boost retail growth in a declining corporate credit scenario.

Cut interest rates to revive retail credit: PNB's Kamath

Punjab National Bank and Oriental Bank of Commerce on Tuesday cut interest rate on auto and consumer durable loans up to 2.50 percent to cash in on festive demand, a few days after government promises more funds to PSU banks.

NBFCs to see slow growth in retail credit: Icra

Non-banking finance companies (NBFCs) are likely to witness a slow growth at 17 per cent in retail credit in the ongoing financial year due to a significant slowdown in the key segments they operate in, says a report by credit ratings agency Icra.

Retail opportunity has to be tapped, says Union Bank's ED

Union Bank of India is trying to strengthen its recovery process for bad loans and aims to lower its gross NPA ratio to 3% as against 3.33% in Q3. Concern over asset quality is the main reason why UBI shares have underperformed the benchmark Nifty over the last year. Compared to a 4.4% drop in the index, UBI shares have fallen over 28%.