Page 12 - Credit Growth

Credit growth to industry accelerates to 8.7% in May, shows RBI data

Credit growth to industry accelerated to 8.7 per cent in May 2022, while for agriculture and allied activities, the off-take increased by 11.8 per cent, according to RBI data released on Thursday. Data on sectoral deployment of bank credit for May 2022 has been collected from select 40 banks that account for about 93 per cent of the total non-food credit. Credit growth to industry accelerated to 8.7 per cent in May 2022 from 0.2 per cent in May 2021. The Reserve Bank further said that credit to medium industries grew by 49.3 per cent in May 2022 as compared with 47.9 per cent last year. "Credit growth to micro and small industries continued to perform well, registering accelerated growth of 33 per cent from 8.9 per cent, while credit to large industries recorded a growth of 1.9 per cent against a contraction of 3.1 per cent during the same period last year," it said. Within industry, credit growth to all engineering, beverage and tobacco, chemicals and chemical products, ...

Outlook for global credit conditions in 2022 is negative: Moody's

Credit rating agency Moody's Investors Service on Thursday said the outlook for global credit conditions this year has turned more negative amid slower global growth, rising borrowing costs

FinMin asks PSBs to expedite NPA resolution; focus on credit growth

According to sources, banks were asked to sanction loans for productive sectors to accelerate the revival of the economy facing headwinds, including from the Russia-Ukraine war.

Credit growth vaults in metros to 9.7% in FY22 despite second wave

The growth was 1.7% in FY21 and 4.8% cent in FY20, a pre-pandemic year

CSB Bank hopes to double its credit growth annually for next three years

CSB bank expects the share of gold loans to come down significantly in future despite a buoyant gold portfolio. This is mainly owing to growth in the SME and retail segment

Medium-term credit growth set for headwinds, predicts India Ratings

Capex revival could get delayed as companies await clarity on the macroeconomic front, says agency.

Bank credit growth seen in double digits in Q4; flat NIMs likely: Analysts

Q4 preview: Analysts believe earnings momentum is likely to gather pace, with healthy loan growth, stable margins, and improving asset quality trends

Indian banking in pink of health but what next?

Banks are caught in their own narrative: credit growth. Soon, one may see bubbles in certain pockets.

Inflation, energy crisis, weak rupee may delay credit revival: Analysts

Revival of credit demand faces a triple whammy of unprecedented cost pressure, anemic volume growth, and scale-back in household budgets

20 bps reverse repo rate hike to help get buyers for G-secs: SBI report

During H1, banks were investing in G-secs and are not under stress due to rising yield

Budget 2022: Financials to gain from capex push, digital rupee, say experts

Banks and NBFCs stand to gain from the Union Budget as a new growth cycle on the back of the massive capex plan has the potential to crowd-in private investment, say analysts

Credit growth up 9.2% in Dec 2021 on strong growth in last fortnight of qtr

Banks lent Rs 3.7 trillion in 15 days to December 31, 2021 and outstanding commercial bank credit stood at Rs 116.83 trillion, RBI data showed

Growing credit demand in Q3 indicates revival of pvt capex cycle: Report

Credit growth has turned buoyant in the third quarter of this fiscal by a wide margin at Rs 3.5 trillion as against a steep Rs 2.2 trillion decline in deposits

Banks see uptick in credit growth; asset quality likely to improve

"An increase in bond yields would impact treasury performance," Motilal Oswal Securities said.

HDFC Bank's loan book grows by 16.4% to Rs 12.6 trn in December quarter

HDFC Bank's retail loans grew by around 13.5 per cent yoy and 4.5 per cent over September 2021 based on its internal business classification.

Three small, mid-sized banks post 4.9-12% credit growth in Dec quarter

Commercial banks in India as a group posted 7.3 per cent (Y-o-Y) growth till the middle of December 2021, according to Reserve Bank of India (RBI) data.

Retail-led credit growth faces headwinds: RBI's financial stability report

The first is an increase in delinquencies in the consumer finance portfolio.

Bank NPAs may go beyond 8% by September 2022, says RBI report

Going forward, as the economy recovers and credit demand rises, banks will need to ensure availability of sufficient capital to support credit growth

Indian banks must bolster capital and augment credit flow, says report

Due to the pandemic, credit growth of commercial banks had been subdued in 2020/21 but non-banking finance companies filled up the space, RBI said

BFSI: Retail vertical looks set to drive credit growth, says CRISIL

Within banks, credit issued to the retail segment, which was up 4 per cent as of October 2021, is expected to log 12-14 per cent growth this fiscal