Page 4 - Bank Credit

Bank credit grows at a steady 15.5% YoY in early May, shows RBI data

Deposit mobilisation improves with 10.4% YoY growth

Banks report tougher credit standards in wake of failures: US Fed report

A Federal Reserve report on Monday showed that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures, a trend that could slow the economy in coming months. The report, known as the senior loan officers survey, asked banks if they have tightened their lending standards by taking steps such as demanding higher credit scores, charging higher interest rates, or other moves that altogether would make it harder for businesses and consumers to obtain loans. About 46 per cent of all banks said they had raised standards for business loans known as commercial and industrial loans, up from just under 45 per cent in the previous quarter. That increase was not as dramatic as in previous quarters, but banks were tightening credit before the bank failures. A year ago, slightly more banks were easing credit standards than increasing them. The survey respondents were 65 US banks and US branches of 19 foreign banks. The results were gather

Bank credit grows 15.7%; deposits increase 10.2%, shows RBI data

The growth in deposits was 10.2 per cent YoY basis to Rs 184.5 trillion at end of April 7

RBI proposes expanding UPI digital payments system to allow credit

UPI is an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details

FY23 bank credit growth highest since FY12, up 15%, shows RBI data

Banks were engaged in intense competition by offering higher interest rates on term money to mop up funds

Surge in bank credit offtake leads to three-fold jump in CD issuance

Meanwhile, issuance of commercial papers---securities sold by companies to raise funds--dropped sharply to Rs 12.5 trn in FY23 (up to Feb 28) from Rs 19 trn over the same period last year

Bank credit grows 15.5% YoY in Feb 24 fortnight to Rs 134.5 trillion

While credit growth has moderated from 16.5% in mid-January, it is significantly higher than the year-ago period, when it was hovering at around 9 per cent

Increasing interest costs

Corporate results indicate improving demand

Bank credit grows at 16.1% to Rs 134.17 trillion in Feb 10 fortnight

About a month ago (January 13 fortnight), credit growth stood at 16.5 per cent YoY

Bank credit grows at 16.3% to Rs 133.41 trillion, shows RBI data

It had moderated to 14.9 per cent YoY in the fortnight ended December 30 due to base effect, but subsequently picked up as the base effect eased out

SBI likely to sell Rs 10,000 crore of AT-1 bonds around February 20

The bonds, which are likely to receive a rating of AA+, may go up for bidding on February 20 with issuance scheduled for the next day

Bank credit growth rises to 16.5% to Rs 132.81 trillion in Jan 13 fortnight

Deposit growth has gathered pace to 10.6%

After hitting road bump in Dec, bank credit growth to regain pace in Q4

Ind-Ra said the credit expansion of (Rs 6.1 trillion) does not seem like a stretch goal, given the level of economic activity in the system

Indian bank credit growth to be stronger in Q4FY23, says Emkay Global

The Indian banking sector performance was led by stronger than-expected credit growth after years of a lackluster performance, sharp margin uptick benefiting from the rate cycle

Banks using quality liquid assets to fund loan growth: RBI report

Credit growth in the system has touched a decade high, a level seen last in 2011

Prospects remain healthy for NBFCs, bank credit shows a strong trend

Topline growth should outweigh any pressure on margins

2022: A banking year marked by three Cs

The relentless fight against Cryptocurrencies, CBDC taking baby steps, and bank Credit growth at a decadal high

Valuation gap with peers is expected to narrow for Axis Bank

It is leveraging the digital ecosystem, focusing on acquisition of corporate salary accounts, and also cross-selling products to existing clients

Liability management now top priority for lenders: Private bank CEOs

Private bankers said there were signs that the credit demand was durable and as such the landscape for banks' management of assets and liabilities would remain challenging for quite some time

Axis Bank hikes MCLR by 30 bps across the board, effective December 17

This comes after RBI's monetary policy committee raised repo rate by 35 bps earlier this month to take it to 6.25%