Coronavirus Outbreak: Bank credit growth slumps to 5-decade low of 6.14% in FY20; weak economy leads to demand slowdown
RBI had said credit growth is likely to remain modest, reflecting weak demand and risk aversion due to the disruptions caused by the coronavirus pandemic.
The RBI needs to find room for more rate cuts to deal with the impact of coronavirus on the economy, says IDFC Mutual Fund report
Growth in bank credit may decelerate sharply to 8-8.5 percent during 2019-20 from 13.3 percent last fiscal, mainly due to decline in incremental credit in the first half of the current financial year, rating agency ICRA said in a report
For the first time this fiscal, bank credit growth slowed to single-digit, printing in at a low 8.79 percent at Rs 97.71 lakh crore in the fortnight to 27 September, according the latest data from the Reserve Bank
RBI rejects Indiabulls Housing-Lakshmi Vilas Bank merger, credit growth at a 22-month low; all this and more in MoneyControl Pro
When it came to a decision on the Lakshmi Vilas Bank-Indiabulls Housing Finance merger, it was always a lose-lose situation for the Reserve Bank of India.
Credit growth on a year-on-year basis improved across bank groups between March and September 2018, largely driven by the private sector banks
Beyond the technicalities and economic jargon, one needs to acknowledge that India has a serious data problem
Two years of Urjit Patel as RBI governor in charts: Falling rupee is a major challenge in third year of his term
Here are six charts that show us how key macroeconomic indicators moved during the two years of RBI governor Urjit Patel
"Reform agenda is the highest priority which has to be implemented along with capitalisation. A whole lot of reforms will come so that genuine borrowers don't suffer and get hassle-free, need based credit," Financial Services Secretary Rajiv Kumar said.
Bank credit is at multi-decade low and private investment at 13-year low. Do we need to say more?
ICICI bank has launched two more schemes -- a 20 percent cash back for spends by its debit and credit card customers up to a maximum of Rs 10,000, and a 20 percent step-up repayment -- which can be availed of along side
There is hardly any difference in credit growth in festival and post-festival months, SBI report said
To boost GDP, govt should forget 3.2% fiscal deficit target, give tax sops to corporates, individuals
The onus is on the central government to to boost economy, not state governments
Tepid growth in IIP and GDP, corporate investment is shrinking, bank credit growth is at multi-decade low but Sensex at 32,000. Here's what is missing
The growth in advances in the reporting period was slightly higher than the previous fortnight ended 26 May, 2017
The drying up of credit for industries shows that stagnation in economic activities is real on the ground no matter the 7 percent GDP growth released by government statistical office.
It is important at this stage to make lendable capital available for banks to resume the credit expansion and, thus, rejuvenate the economic growth
The celebrations can perhaps wait a bit till the GDP numbers achieve the desired correlation with other critical factors in the economy and become more convincing
Experts, however, are not buying the new estimate on the face value; here are four graphics that explain why.