Bank Credit

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Bank Credit - Total results - 45
COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings
Business

COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings

While bad loans from the corporate sector may rise by Rs 3.4 lakh crore, for non-corporate segments it may increase by Rs 2.1 lakh crore in FY21, India Ratings and Research said in the report

RBI measures to expand bank credit, boost liquidity, says NITI Aayog vice-chairman Rajiv Kumar
Business

RBI measures to expand bank credit, boost liquidity, says NITI Aayog vice-chairman Rajiv Kumar

The RBI measures will revive credit flow by commercial banks and targeted long-term repo operation (LTRO) would further activate the corporate bond market and also provide much-needed liquidity to NBFCs, NITI Aayog vice-chairman Rajiv Kumar said on Friday

Banking, financial stocks zoom up to 21% after RBI's liquidity-boosting measures; Axis Bank surges over 13%
Business

Banking, financial stocks zoom up to 21% after RBI's liquidity-boosting measures; Axis Bank surges over 13%

In his second televised address since the nationwide lockdown began from 25 March, RBI Governor Shaktikanta Das pledged to boost liquidity and expand bank credit.

In Q3, non-government GDP actually grew by just 3.9%; economy is in ICU, needs an urgent booster shot
Business

In Q3, non-government GDP actually grew by just 3.9%; economy is in ICU, needs an urgent booster shot

The highlight of the December quarter GDP data is not just the GDP numbers alone, but the massive revisions of the past data

RBI Governor Shaktikanta Das says slowing credit offtake one of major challenges for banks
Business

RBI Governor Shaktikanta Das says slowing credit offtake one of major challenges for banks

Reserve Bank Governor Shaktikanta Das on Monday said slowing credit growth is one of the major challenges that banks are facing currently

Missing consumer expenditure survey: Everyone knows what the numbers signal; opaqueness will only widen trust deficit
Business

Missing consumer expenditure survey: Everyone knows what the numbers signal; opaqueness will only widen trust deficit

One just needs to look at the sales figures of auto makers, FMCG companies and state of the manufacturing and construction sector to understand where does the consumer confidence indicators point at this stage.

P Chidambaram flays govt over economic indicators; says imports, exports down, bank credit declined, no new investment
Business

P Chidambaram flays govt over economic indicators; says imports, exports down, bank credit declined, no new investment

Chidambaram, the former finance minister, said he has asked his family to tweet, giving two more economic indicators for the people to draw their own conclusions

Govt unlikely to announce any economic stimulus before Monday, meetings planned to discuss package: Report
Business

Govt unlikely to announce any economic stimulus before Monday, meetings planned to discuss package: Report

The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India’s economic growth to 6.2 percent in the financial year ending next March from a previous estimate of 6.5 percent,

Union Budget 2018-19: It's time to usher governance reforms in banks, bring sector back on track
Business

Union Budget 2018-19: It's time to usher governance reforms in banks, bring sector back on track

The recognition of e-KYC can also aid in boosting the productivity of bank resources and save costs involved in manual procedural formalities.

RBI rate cuts unlikely to push credit demand as NBFC crisis deepens, banks look for growth capital: Report
Business

RBI rate cuts unlikely to push credit demand as NBFC crisis deepens, banks look for growth capital: Report

Credit growth is unlikely to pick up despite the three successive rate cuts by the central bank due to the capital constraints at banks and the deepening crisis in the non-banking lenders sector, warns a report

GDP at 6-quarter low of 6.6%: Growth numbers may not be telling us whole story yet; reality is often masked in statistics
Business

GDP at 6-quarter low of 6.6%: Growth numbers may not be telling us whole story yet; reality is often masked in statistics

Post the disappointing October-December GDP figures, achieving even 7% full year growth seems to be a tough task for Indian economy

SBI expects Q1 GDP growth at 7.7% on pick up in cement production, sale of vehicles and bank credit
Business

SBI expects Q1 GDP growth at 7.7% on pick up in cement production, sale of vehicles and bank credit

The Central Statistics Office (CSO) is scheduled to release quarterly GDP estimate for April-June 2018 on 31 August

IMF suggests 3 steps to India to sustain high growth rate; expects economic recovery to continue
Business

IMF suggests 3 steps to India to sustain high growth rate; expects economic recovery to continue

IMF said India should continue fiscal consolidation and lower elevated public debt levels supported by simplifying and streamlining the GST structure,

IMF lowers growth rate for India to 7.3% in 2018, 7.5% in 2019, but it still retains world's top spot
Business

IMF lowers growth rate for India to 7.3% in 2018, 7.5% in 2019, but it still retains world's top spot

India continues to outperform China, IMF's WEO update figures reflect. Growth in China is projected to moderate from 6.9 percent in 2017 to 6.6 percent in 2018 and 6.4 percent in 2019, as regulatory tightening of the financial sector takes hold and external demand softens, the report said.

IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19
Business

IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19

The IMF Board is tentatively scheduled to meet on 18 July for its annual India meeting.

Reserve Bank of India releases draft norms to modify loan system in order to bring discipline among large borrowers
Business

Reserve Bank of India releases draft norms to modify loan system in order to bring discipline among large borrowers

The Reserve Bank on Monday came out with draft guidelines on loan system for delivery of bank credit to improve discipline among larger borrowers

Bank credit grows at 11.52%, deposits at 7.96% in fortnight ended 13 April: RBI data
Business

Bank credit grows at 11.52%, deposits at 7.96% in fortnight ended 13 April: RBI data

Banks' credit rose 11.52 percent year-on-year to Rs 84,78,459 cr and deposits grew at 7.96 percent to Rs 113,77,729 cr in the fortnight ended 13 April, RBI data showed

From bad loans to excess liquidity, why situation post NPA and fraud episodes is not a happy one for banks
Business

From bad loans to excess liquidity, why situation post NPA and fraud episodes is not a happy one for banks

Banks Board Bureau that was set up for appointments has not exactly been even a moderate success and hence the issue of management at banks remains open.

Life after PNB fraud: As the heat turns on India's bankers, a loan squeeze may hurt economy
Business

Life after PNB fraud: As the heat turns on India's bankers, a loan squeeze may hurt economy

Circa 1996, state-controlled Indian Bank faced a Rs 1,336 crore scam which after inflation-adjustment may compare well in size with the PNB fraud.