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.
credit
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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.
RBI surprises with a 25 bps rate cut
Monetary Policy committee changes stance to ‘neutral’; cut in benchmark rate will lead to savings for homebuyers, say experts.
MSME sector to see rise in credit demand
It will see an increase in credit demand in the coming years, thanks to strong recovery in the economy post-demonetisation, and implementation of GST.
