Credit Expansion

BlackRock to buy HPS Investment for $12 bn in major private credit push

Private credit has grown rapidly in recent years as stricter regulations made it more expensive for traditional lenders to finance riskier loans

Wealthy nation creditor club sees tide shifting as debt defaults decline

A string of defaults, from Zambia to Sri Lanka, began in 2020 when the Covid-19 pandemic triggered a series of economic shocks

Credit platform Yubi announces partnership with Axis Bank, Muthoot Microfin

Alliance will serve diverse sectors, with initial focus on microfinance institutions

Goldman Sachs ramps up credit business in India, targets rich diaspora

Goldman joins Wall Street lenders and private equity giants chasing opportunities in an economy that is forecast to grow 7% in the year ending March

Higher credit demand likely to lead to further upsides for banks

The RBI's increased risk weightage will hit growth in personal loans, credit cards and NBFCs

Credit metrics of India Inc may improve to 4.5-5 times in Q3 FY24: ICRA

India Inc's credit metrics are likely to show slight sequential improvement in the third quarter of the current fiscal, with interest coverage increasing to 4.5-5 times, rating agency Icra said on Friday. This would benefit from improved earnings of corporate India on the back of continuing, albeit moderating, tailwinds from commodity prices and seasonally strong demand during the recently concluded festive season, it said in a release. Icra's analysis of the second quarter of 2023-24 performance of 601 listed companies (excluding financial sector entities) revealed improved operating profit margins (OPM), increasing by 398 bps and 64 bps on a year-on-year and sequential basis, respectively, it said. This was primarily aided by softening in commodity prices. However, while the input costs softened in recent months, they remain elevated compared to the historic levels, and accordingly, India Inc's OPM is yet to revive to its historic highs, the agency said. "The 1.6 per cent ...

Credit sanctions to pick up traction as base effect fades, say NBFCs

The last quarter of FY23 (January-March) showed normal business activity compared to the same period the year before, reflecting pent-up demand after the pandemic

Rally in PSU banks set to continue; biz prospects may improve further in H2

There's been credit expansion and credit costs have remained low, due to general economic growth and low non-performing assets (NPAs)

Bank of India holds loan outreach programme, disburses Rs 12,500-cr credits

The credit outreach programme was launched on October 16 by all banks across the country on the advice of Finance Minister Nirmala Sitharaman

Deposit growth and credit expansion a tale of contrasts in 2017-18

Year-on-year growth moved into double digits (10.7%) in December 2017