RBI wants lenders to identify 'wilful defaulters' within 6 months
Wilful defaulters will not be eligible for restructuring of the credit facility.
credit
September 2023
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December 2021
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June 2019
Bank credit growth slows to 16.8% in Dec quarter: RBI
Growth in credit was led by bank branches in metropolitan centres, says RBI.
Budget 2023: Credit Growth Signals Economic Activity
Incremental growth in FY22 over FY21 was ₹9.41 lakh crore.
Bank credit to grow 15% in FY23: Crisil
Retail credit is expected to grow the fastest at 17-19%.
Consumer Credit Growth At All-Time High
Restructured standard advances ratio, especially of services and retail loans, has shown a sharp increase in FY21 though. Some of these could turn into NPAs, adding to banks’ stress assets.
Bank loan books, asset quality at risk due to Omicron, says ICRA
According to ICRA, with incremental restructuring under Covid 2.0, the overall standard restructured loan book for banks increased to 2.9% of standard advances as on Sept. 30, 2021.
Predictions 2022: BNPL to break glass ceiling for under-credited millions, says Upasana Taku
Change in credit scenario is evidenced by the fact that even traditional banks and financial institutions are now looking to enter the Buy Now Pay Later space.
Definitely a consumption Budget: Nirmala Sitharaman
Through an outreach programme after the Budget, finance minister Nirmala Sitharaman explains how her Budget proposals would aid economic growth while remaining fiscally prudent.
Financing MSMEs: The continuing challenge
The performance of banks in rural and MSME lending has been inadequate even after the considerable expansion of the scope of priority-sector loans.
Exclusive: Sanjiv Bajaj’s new digital game plan
As shopping on mobile phones increases, India’s biggest NBFCs Bajaj Finserv and Bajaj Finance have big plans to expand their digital footprint.
