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credit growth News
Credit card spends top Rs 1 lakh crore for 11th month in a row — ICICI Bank, Axis Bank and SBI Card enjoy the biggest slice
Tue, Feb 28, 2023
The momentum in credit card spends in the country continued, with January seeing spends of Rs 1.28 lakh crore driven largely by online sales and transactions. Among card issuers, the highest spends were recorded in ICICI Bank, Axis Bank and SBI Card.
Microfinance institutions set for better days, as collection improves, loan sales jump
Wed, Feb 15, 2023
India Ratings has revised the outlook on the microfinance sector to 'improving' from 'neutral' and has also maintained the 'stable' rating outlook for FY24.
Finance Ministry to banks: Increase credit penetration and ensure availability in 112 aspirational districts
Sun, Jan 22, 2023
Launched by Prime Minister Narendra Modi in January 2018, the Aspirational Districts Programme (ADP) aims to transform the 112 most under-developed districts quickly and effectively across the country.
Credit growth far away from being considered as 'exuberant', says RBI Governor Shaktikanta Das
Wed, Dec 21, 2022
The present credit growth is far away from being considered as "exuberant" and there is no "big gap" between the credit growth and deposit accretion when looked at the absolute numbers, RBI Governor Shaktikanta Das said on Wednesday.
Inflation set to ease, though stubbornly: RBI bulletin
Tue, Oct 18, 2022
In the article on the state of economy published in the bulletin, the central bank said that "these factors will entrench India's prospects as one of the fastest growing economies of the world".
What alternate measures RBI could take if Rupee continues to be under pressure? LIC Mutual Fund's Rahul Singh explains
Tue, Aug 02, 2022
The RBI may also be positive on their growth numbers and would at least maintain (if not revise upwards) the numbers projected in the last policy. GST numbers, credit growth and PMI numbers have been encouraging.
Contactless banking to be the new paradigm: Fin Services Secretary Rajiv Kumar
Mon, Oct 01, 2018
Based on the experience of this automated loan processing system, other products could be onboarded, he said, adding "contactless banking is going to be the new paradigm as it fosters transparency".
Don't let PNB fraud halt business lending: ASSOCHAM to Arun Jaitley
Sat, Feb 24, 2018
The industry body said the country can ill-afford cut down on lending at a time when the credit growth was about to recover and the economy was set to grow at a higher pace
FM Arun Jaitley should focus on rural economy, affordable housing in Budget 2018: Arundhati Bhattacharya
Mon, Jan 29, 2018
Credit growth will take at least two-three quarters to see a revival, while borrowing cost is not going to come down any time soon, said ex-SBI Chairman Arundhati Bhattacharya in an exclusive interview to Zee Business.
Base effect lifts credit growth to 10.65% in December
Sun, Jan 07, 2018
In the previous fortnight, the banks advances had grown by 9.77%
Certificate of Deposits fall below Rs 1 lakh crore for the first time in a decade
Mon, Oct 16, 2017
Performance in Certificate in deposits have decline by nearly 60% in September 2017. Such decline was on the back of weak credit growth from banks, surge in deposit base post demonetisation.
Credit-growth at historic low; is it actually true?
Sun, Aug 20, 2017
Though credit growth is declining, but at the same time what needs to be look at is the expansion through non-banking channels and debt markets.
Q1FY18 results for the banking sector don't look too upbeat
Mon, Jul 10, 2017
Looks like India's banking universe especially PSBs will continue to suffer with subdued earnings in Q1FY18.
Private banks lead PSU banks in credit, deposit growth in FY17
Tue, Jul 04, 2017
Latest data of Financial Stability Report indicates private banks have outperformed public ones when it comes to credit and deposit growth. PSBs has lost share in total credit over the last three time periods.
Non-food credit inches up 4.5% in April as industries contract
Sun, Jul 02, 2017
The first month of the new fiscal year failed to cheer banks with non-food credit growing at a moderate 4.5 per cent to Rs 68,48,900 crore in April from Rs 65,51,500 crore a year ago, pulled down by a 1.4 per cent contraction in industrial credit demand, shows RBI data.
Stake dilution in PSBs after their health improves: FM Jaitley
Mon, May 08, 2017
Jaitley said the non-performing assets (NPA) problem is limited to "a certain set of accounts and these numerically are not very large in number but the quantums are high
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.