Page 6 - Bank Credit

NBFCs seek priority sector tag for 2-wheeler loans financed by bank credit

This would help them get cheaper funds from banks and increase lending, especially in rural areas

Festive season helps bank credit grow by 8.2% YoY, shows data

Showing a steady rise in demand for credit, bank loans rose 8.2 per cent year- on-year (YoY) at the end of the fortnight January 28, 2022

Bank credit grows 8.01% to Rs 115 trn; deposits 9.28% to Rs 159 trn

Bank credit grew 8.01 per cent to Rs 115 lakh crore and deposits rose 9.28 per cent to Rs 159.83 lakh crore in the fortnight ended January 14, according to RBI data. In the fortnight ended January 15, 2021, bank credit stood at Rs 106.43 lakh crore and deposits at Rs 146.25 lakh crore, as per the RBI's Scheduled Banks' Statement of Position in India as on January 14, 2022, released on Friday. In the previous fortnight ended December 31, 2021, advances rose 9.16 per cent and deposits increased 10.28 per cent. In FY2020-21, bank credit increased 5.56 per cent and deposits grew 11.4 per cent.

Retail, MSME credit shows steady growth in November: RBI report

Reserve Bank of India in a statement said that retail loans continued to expand at a double digit rate

Services sector credit growth still slow despite Covid relaxations

Broad-based credit expansion is expected over the next two to three quarters

Bank credit offtake shows stickiness, rises 7% in November: RBI data

Rating agency CARE in a statement said the credit growth is expected to be in the range of 7.5% to 8.0% for FY22.

Bank credit grows 7% by mid-November, shows RBI data

The outstanding credit of commercial banks stood at Rs 111.62 trillion, up from Rs 10.4.34 trillion a year ago

Is the worst behind Indian banks?

Bankers are seeing better days ahead with expectations of a pickup in credit growth in the next few quarters as corporate India readies to invest. Let's wait and watch

Bank credit grows at 7.14%, deposits at 11.42%, shows RBI data

Bank credit grew by 7.14 per cent to Rs 111.64 lakh crore and deposits increased by 11.42 per cent to Rs 160.49 lakh crore in the fortnight ended November 15, 2021, RBI data showed.

Bank credit grows by 6.84%, deposits by 9.94%, shows RBI data

Bank credit grew by 6.84 per cent to Rs 110.46 lakh crore

Credit grows by 6.47 % on YoY basis to Rs 110.3 trillion in early October

So far this year, the growth in the major banking indicators has been mixed. Growth in deposits has slowed down

Industry's share in bank loans at record low of 26%, shows data

Personal loans, including housing, now at 26.7% of bank credit, highest ever

Recent uptick in bank credit growth augurs well for economy: RBI study

The uptick in the credit growth in the recent months notwithstanding the second COVID-19 wave augurs well for the economy, said an article published in the RBI's latest bulletin.

Non-food bank credit grows at 6.2% in July 2021, shows RBI data

The non-food credit bank credit grew at 6.2 per cent in July 2021, compared to 6.4 per cent growth a year ago, RBI data showed.

Loan mela mindset

Govt should not push PSBs to lend

Top headlines: FM launches EASE 4.0 for PSBs; 31k new Covid cases in Kerala

Business Standard brings you the top stories this evening

Banks to have nationwide credit outreach programme this year: FM

Finance Minister Nirmala Sitharaman on Wednesday said that public sector banks (PSB) will adopt a nationwide credit outreach programme this year.

Banks' asset risks rise, but credit strength to stay intact: Moody's

Asset risks for banks will rise in most parts of ASEAN and India as the region battles new waves of Covid infections amid low vaccination rates, according to a report by Moody's Investors Service

Bank credit grows by 6.08% ; deposits increased by 9.76%

Bank credit grew by 6 per cent to Rs 109.31 lakh crore and deposits increased by 9.76 per cent to Rs 154.51 lakh crore in the fortnight ended July 2, 2021, RBI data showed.

Valuation of SBI, subsidiaries can be better: Chairman Dinesh Kumar Khara

The early numbers indicate that we have seen traction in the retail book. But, not much traction was seen in the corporate book, said Dinesh Khara, Chairman, SBI