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.
Maharashtra State Co-operative Bank eyes to expand borrower profile; plans to enter infrastructure, retail lending
The bank continues to be under a Reserve Bank of India-appointed administrator, after its elected board was alleged to have mismanaged the bank.
Narendra Modi’s Economic Advisory Council member predicts 'middle income trap' in economy: How will you be impacted?
This prediction, by a member of the government’s top think-tank, has added to the fears that a prolonged slowdown is likely to grip the economy.
The banking sector is grappling rising NPAs which touched Rs 8.99 trillion or 10.11 percent of the total advances at December-end 2017.
ICICI Bank posts loss of Rs 120 cr in Q1: Why lender's April-June quarter numbers remind one an old PSB trick
ICICI Bank has ignored the short-term pain in its P&L to put the balance sheet in order. This should help improve the health of the lender in the long-term
Subramanian who appeared before the Parliament's committee on estimates was not convinced that the NPA issue would be resolved within a year or two, as claimed by the bankers, sources said.
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
Over the past three years, the NBFCs have gained some market share in the origination of retail lending, on the back of the faster growth exhibited by such entities when compared to the banks.