Thu, Jun 22, 2023
In an exclusive interaction with Zee Business, Asheesh Pandey talks about how the bank plans to recover loans and also enhance credit growth.
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Tue, Jun 06, 2023
A recent report by Bank of Baroda reveals that Indian banks have maintained steady lending strength, despite aggressive hikes in the repo rate by the Reserve Bank of India (RBI) in FY2023. Borrowing continues to rise, propelled by robust demand, as bank lending growth increased to 15.9 per cent in April 2023.
Mon, Apr 03, 2023
Crisil said both the upgrade and downgrades activity was broad-based across sectors, pointing out that domestic demand led to upgrades in auto components and food products, while infrastructure companies were helped by the continued capex push from the government.
Tue, Feb 28, 2023
The momentum in credit card spends in the country continued, with January seeing spends of Rs 1.28 lakh crore driven largely by online sales and transactions. Among card issuers, the highest spends were recorded in ICICI Bank, Axis Bank and SBI Card.
Wed, Feb 15, 2023
India Ratings has revised the outlook on the microfinance sector to 'improving' from 'neutral' and has also maintained the 'stable' rating outlook for FY24.
Sun, Jan 22, 2023
Launched by Prime Minister Narendra Modi in January 2018, the Aspirational Districts Programme (ADP) aims to transform the 112 most under-developed districts quickly and effectively across the country.
Wed, Dec 21, 2022
The present credit growth is far away from being considered as "exuberant" and there is no "big gap" between the credit growth and deposit accretion when looked at the absolute numbers, RBI Governor Shaktikanta Das said on Wednesday.
Tue, Oct 18, 2022
In the article on the state of economy published in the bulletin, the central bank said that "these factors will entrench India's prospects as one of the fastest growing economies of the world".
Tue, Aug 02, 2022
The RBI may also be positive on their growth numbers and would at least maintain (if not revise upwards) the numbers projected in the last policy. GST numbers, credit growth and PMI numbers have been encouraging.
Mon, Oct 01, 2018
Based on the experience of this automated loan processing system, other products could be onboarded, he said, adding "contactless banking is going to be the new paradigm as it fosters transparency".
Sat, Feb 24, 2018
The industry body said the country can ill-afford cut down on lending at a time when the credit growth was about to recover and the economy was set to grow at a higher pace
Mon, Jan 29, 2018
Credit growth will take at least two-three quarters to see a revival, while borrowing cost is not going to come down any time soon, said ex-SBI Chairman Arundhati Bhattacharya in an exclusive interview to Zee Business.
Sun, Jan 07, 2018
In the previous fortnight, the banks advances had grown by 9.77%
Mon, Oct 16, 2017
Performance in Certificate in deposits have decline by nearly 60% in September 2017. Such decline was on the back of weak credit growth from banks, surge in deposit base post demonetisation.
Sun, Aug 20, 2017
Though credit growth is declining, but at the same time what needs to be look at is the expansion through non-banking channels and debt markets.
Mon, Jul 10, 2017
Looks like India's banking universe especially PSBs will continue to suffer with subdued earnings in Q1FY18.
Tue, Jul 04, 2017
Latest data of Financial Stability Report indicates private banks have outperformed public ones when it comes to credit and deposit growth. PSBs has lost share in total credit over the last three time periods.
Sun, Jul 02, 2017
The first month of the new fiscal year failed to cheer banks with non-food credit growing at a moderate 4.5 per cent to Rs 68,48,900 crore in April from Rs 65,51,500 crore a year ago, pulled down by a 1.4 per cent contraction in industrial credit demand, shows RBI data.
Mon, May 08, 2017
Jaitley said the non-performing assets (NPA) problem is limited to "a certain set of accounts and these numerically are not very large in number but the quantums are high
Tue, Apr 18, 2017
The outlook on the asset quality of the banking sector seems to be weak even as the fresh non-performing asset (NPA) generation rate continues to show signs of moderation.
Sun, Apr 16, 2017
For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.
Mon, Jan 30, 2017
ICRA has projected India's credit growth to remain at similar levels in the range of 5% to 6% in FY17 on the back of muted credit demand.
Thu, Jan 26, 2017
China's banks have extended a record 12.65 trillion yuan ($1.84 trillion) of loans in 2016 as the government encouraged more credit-fueled stimulus to meet its economic growth target.
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