Credit Growth

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Credit Growth - Total results - 63
Markets end in negative note: Sensex slides 470 points to close at 30,690, Nifty below 9,000-mark; indices dragged by auto, realty, banking stocks
Business

Markets end in negative note: Sensex slides 470 points to close at 30,690, Nifty below 9,000-mark; indices dragged by auto, realty, banking stocks

At close, the Sensex tumbled 469.60 points or 1.51 percent at 30690.02, while Nifty was down 118.05 points or 1.30 percent at 8993.85. About 1194 shares have advanced, 1171 shares declined, and 201 shares are unchanged.

Coronavirus Outbreak: Bank credit growth slumps to 5-decade low of 6.14% in FY20; weak economy leads to demand slowdown
Business

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.

Trend of high inflation, low growth continues: No strong revival signs yet; all we have are warning signals
Business

Trend of high inflation, low growth continues: No strong revival signs yet; all we have are warning signals

The twin set of macroeconomic data released on Wednesday doesn’t augur well for the economy

India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers
Business

India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers

The country needs to double credit growth to 15 percent to become a $5 trillion economy by 2024-25, say bankers

India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers
Business

India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers

Prime Minister Narendra Modi on Thursday underlined the need for working together to make India a $5 trillion economy, while stressing that the government has been able to maintain macroeconomic stability amid tough global environment.

Top 50 corporates reduce debt by over Rs 59,000 cr in first half of this fiscal; prefer to raise funds through ECBs
Business

Top 50 corporates reduce debt by over Rs 59,000 cr in first half of this fiscal; prefer to raise funds through ECBs

This has some bearing on the credit growth of the banks as corporates borrowing from domestic lenders have come down

Daily Bulletin: Voting begins in 15 seats vacated by Congress, JD(S) rebels in Karnataka; RBI MPC likely to slash repo rate for sixth time in a row; day's top stories
India

Daily Bulletin: Voting begins in 15 seats vacated by Congress, JD(S) rebels in Karnataka; RBI MPC likely to slash repo rate for sixth time in a row; day's top stories

Here are day's top stories: Karnataka bypolls: Election for 15 seats vacated by Congress, JD(S) rebels today; contest ego battle for opposition, survival for BJP; P Chidambaram to hold presser at 12:30 pm, likely to attend Parliament today after bail in INX Media case ; and more

RBI monetary policy: MPC may be readying to fire its final weapon; likely a wrong one, aimed at a faraway target
Business

RBI monetary policy: MPC may be readying to fire its final weapon; likely a wrong one, aimed at a faraway target

The MPC needs to be watchful of the inflation scenario. It cannot solely focus on growth, even if that would be what the ruling BJP government would want from the MPC at this juncture.

Credit growth picks up rapid pace from September, jumps by Rs 1.08 lakh cr; housing, NBFC, MSME provide boost: SBI study
Business

Credit growth picks up rapid pace from September, jumps by Rs 1.08 lakh cr; housing, NBFC, MSME provide boost: SBI study

The monthly SBI Composite index remained volatile and was at 50.83 (low growth) in October compared to 51 (low growth) in September.

Credit growth at banks falls to lowest level in nearly two years as slowing consumption weighs on demand: RBI report
Business

Credit growth at banks falls to lowest level in nearly two years as slowing consumption weighs on demand: RBI report

Lending growth by banks had nearly halved to 8.8 percent at the end-September from the start of the year.

RBI monetary policies have become a joke to individual borrowers and small businessmen; here's why
Business

RBI monetary policies have become a joke to individual borrowers and small businessmen; here's why

Despite the 135 basis points cut in repo rate, at which the Reserve Bank of India (RBI) lends short-term funds to banks, banks have lowered only 30-40 bps to their borrowers

No stressed MSME loan can be declared NPA till March 2020; govt asks banks to hold loan melas in 400 districts from 3 Oct
Business

No stressed MSME loan can be declared NPA till March 2020; govt asks banks to hold loan melas in 400 districts from 3 Oct

Bank loan disbursements to the MSME sector stood at Rs 11.83 lakh crore in 2018-19, as against Rs 8.53 lakh crore done in 2017-18

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar
Business

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders

Central Bank to raise upto Rs 3,000 cr capital from markets; to come out with repo-linked retail products in September
Business

Central Bank to raise upto Rs 3,000 cr capital from markets; to come out with repo-linked retail products in September

The Central Bank has also made a funding request to the government from the Rs 70,000-crore it has budgeted

DBS India back in black, posts Rs 14.5 cr net profit in FY19; to expand operations through 'phygital' model
Business

DBS India back in black, posts Rs 14.5 cr net profit in FY19; to expand operations through 'phygital' model

DBS is among the first to convert itself into a subsidiary in March 2019 and the largest wholly-owned subsidiary among the foreign banks in the country.

Banks hire scores of oversight agencies to curb fund diversion, says SBI Chairman Rajnish Kumar
Business

Banks hire scores of oversight agencies to curb fund diversion, says SBI Chairman Rajnish Kumar

There have been instances where an individual or a company has borrowed from one bank and at the same time uses a current account facility with some other bank to divert funds, SBI chairman Rajnish Kumar said.

Fitch downgrades ICICI Bank, Axis Bank rating by a notch; India's banking sector expected to be below-average over next two years
Business

Fitch downgrades ICICI Bank, Axis Bank rating by a notch; India's banking sector expected to be below-average over next two years

Fitch further said ICICI Bank's core capitalisation is higher than that of most other Indian banks

RBI monetary policy: Overall credit growth not broad-based, to MSMEs it's muted, says Shaktikanta Das
Business

RBI monetary policy: Overall credit growth not broad-based, to MSMEs it's muted, says Shaktikanta Das

Even though the headline credit demand is growing at a healthy 14 percent, Reserve Bank governor Shaktikanta Das on Thursday said it is not broad-based while those to MSMEs have been muted so far

RBI forex swap auction: Central bank's move will help boost FPI inflows, but will it impact long-term liquidity?
Business

RBI forex swap auction: Central bank's move will help boost FPI inflows, but will it impact long-term liquidity?

In October 2018, the RBI and the Securities Exchange Board of India (SEBI) proposed the Voluntary Retention Route (VRR) for foreign portfolio investors

At 10.8%, growth in infra credit is back to FY15 levels; economy is riding on the back of govt spending
Business

At 10.8%, growth in infra credit is back to FY15 levels; economy is riding on the back of govt spending

Its not just infrastructure loans, overall lending to industry too has shown a reviving trend after staying in the negative for two consecutive years.