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credit growth News
60-year low credit growth is a warning bell for banks
Tue, Apr 18, 2017
The outlook on the asset quality of the banking sector seems to be weak even as the fresh non-performing asset (NPA) generation rate continues to show signs of moderation.
Credit growth plunges to over 60 year low at 5% in FY17
Sun, Apr 16, 2017
For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.
India's credit growth projected to remain weak in range of 5-6% in FY17: ICRA
Mon, Jan 30, 2017
ICRA has projected India's credit growth to remain at similar levels in the range of 5% to 6% in FY17 on the back of muted credit demand.
China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount
Thu, Jan 26, 2017
China's banks have extended a record 12.65 trillion yuan ($1.84 trillion) of loans in 2016 as the government encouraged more credit-fueled stimulus to meet its economic growth target.
Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17
Mon, Jan 16, 2017
Credit growth of United Bank of India (UBI) at the end of financial year 2016-17 (FY17) will be as low as 7-8% due to demonetisation impact, its MD and CEO P Bajaj said.
How time has changed for RBI in deciding rate cut
Wed, Dec 07, 2016
Care said, "Based on the movements of these economic parameters, we expect a 25 bps rate cut in tomorrow’s RBI policy view and another 25 bps cut for the rest of the fiscal."
RBI survey says bank credit growth at a 'sluggish' 8.6% in June
Tue, Nov 22, 2016
It said, "...although the credit growth in private sector banks was relatively higher. Interestingly, credit growth in rural and semi-urban areas continued to grow at a faster pace than urban and metropolitan areas."
Loan growth to India Inc sputters to just 0.1% so far this year
Mon, Jul 04, 2016
Religare Institutional Research, in a report dated July 1 said that overall credit growth for FY17 is unlikely to improve above 12%.
"Clean up!" Rajan's clear message to banks
Wed, Jun 22, 2016
Rajan last year undertook a massive overhaul of banks' stressed assets, asking each bank to provision for all assets which could potentially sour by March 2016.