Bank credit to grow 15% in FY23: Crisil
Retail credit is expected to grow the fastest at 17-19%.
credit growth
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Micro credit grows to ₹2.63 lakh cr, MFI loans up 19% in 2021-22
The average ticket size per loan stood at ₹39,903 as on March 2022 whereas it was ₹36,510 as on March 2021.
Bank credit growth remains robust despite rate hike, shows RBI data
Total bank credit rose by 16.4% on a YoY basis as of Sep’22, supported by higher non-food credit demand.
IMF, World Bank are right; indicators point to 2023 GDP growth challenges
From tax collections to credit outflow, capex, sectoral growth, inflation, interest rates, rupee devaluation and external factors, there are challenges to sustaining growth.
Incremental credit growth hits 13-year high in August: Report
Credit for retail loans rose by 7.9% in August compared with 1.6% reported during the year-ago period, says CareEdge.
India Ratings raises bank credit growth estimate for FY23 to 13%
Private banks are likely to continue to gain market share, though the pace of gains is likely to moderate as PSBs expand the loan portfolio faster.
Is India’s capex cycle on revival path?
Though there are signs of improvement in both private corporate sector capex and Centre’s own capex, these are either way off their peak levels in recent past or too small to raise high hopes
Demand in Indian economy to overpower everything: BOI MD
Bank of India expects corporate credit to grow as the multiplier effect of the government’s ₹7.5 lakh crore capital expenditure plan kicks in.
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.
Cause of concern! Bank credit to manufacturing declines
Bank credit to 10 out of the 15 sectors declined in the last decade, an analysis by MVIRDC World Trade Centre (WTC) Mumbai shows.
