Bank Credit

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

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

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

Index of 8 core industries for August shrink, RBI bonanza keeps fiscal deficit in check; all this and more in Moneycontrol Pro

The index of eight core industries for August 2019 fell by 0.47 percent from a year ago

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

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

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

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

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

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