Seasonality from agri portfolio, unsecured loans impacted slippages, CFO Puneet Sharma said
Two-wheelers were the only credit category which saw a double-digit growth in volume as well as value of originations.
Retailisation portfolio of L&T Finance Holdings is estimated at 91 percent for the quarter ended December 31, 2023 compared with 64 percent for the quarter ended December 31, 2022.
The retail, microlending and commercial lending have grown by 91%, 157% and 93% respectively between FY17 and FY21, as per a credit bureau report. A de-growth was seen in a few segments of the retail bucket from FY20 onwards due to the COVID-19 pandemic.
Despite the pandemic challenges, asset quality at Indian banks has performed better than expected at the start of the outbreak, Moody's said.
The bank also set a target on consumer loans to grow by 50 percent in financial year 2018-19 to Rs 5,000 crore, ICICI Bank, Executive Director, Anup Bagchi told reporters here.
Demonetisation, capital constraints and spike in bad loans has hit the government-owned IDBI Bank hard as its net loss widened to Rs 2255 crore in the October to December period.
The bank starts loading all the cost structures that it has on top of the cost of funds (COF) to arrive at the minimum hurdle rate at which it has to underwrite the loans.
With monsoon playing well and implementation of 7th Pay Commission, growth trajectory is coming back in the economy, says VG Kannan, Managing Director of SBI.
State Bank of Travancore (SBT) on Monday reported a 23 percent increase in its net profit at Rs 91.47 crore for the December quarter on account of higher income from operations.
ICICI Bank - khayaal aapka, the ad campaign apparently aimed at wooing retail customers, may now raise further decibels. Reason: It is you, a house buyer or car owner and a routine depositor, who emerges as the safest bet for India's largest private sector lender. The bank will focus more on its retail segment be it loans or deposits.
Private-sector lender Kotak Mahindra Bank could see a deterioration in the credit quality of its retail loan book, going forward, its chief financial officer said
Banks can make better money by extending their retail banking into smaller cities as these markets offer higher yields, according to a Crisil Research report.