State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR)
Bank of Baroda on Monday said it has slashed the interest rate on loans for retail, personal and Micro, Small and Medium Enterprises (MSMEs) to 7.25 percent with effect from 28 March
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
Non-metros lead unsecured loan market in volume game; 10.49% increase in lifestyle credit card applications: Report
The average personal loan ticket size in non-metros is Rs 2.80 lakh compared to Rs 2.55 lakh in the metros
Retail lending sees rapid growth in FY18 with loan book rising by 25%, number of accounts by 32%: Cibil data
The report found robust growth in all consumption lending products consumer durable loans, credit cards and personal loans - during the period under review
"To bring more smiles to customers and their dear ones, bank has waived 100 percent processing fee on car loans till 31 December, 2017," SBI said.
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.
Today, Google India put together a report on the financial service industry by combining the Google search trends in India...