Bank credit to grow 15% in FY23: Crisil
Retail credit is expected to grow the fastest at 17-19%.
loan
November 2022
October 2022
September 2022
July 2022
June 2022
May 2022
March 2022
January 2022
December 2021
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.
Mahindra Finance says RBI order will hit vehicle recovery; stock tanks 12%
The Mumbai-based non-banking financial company repossesses about 4,000 to 5,000 vehicles per month, using the third-party agencies and its own employees.
RBI asks urban co-operative banks to review loan policy every financial year
This will ensure that the loan policy reflects approved internal risk appetite, says RBI.
Big Tech risks: RBI to issue digital lending guidelines soon
Big Tech firms have an enormous amount of customer data which has helped them to offer tailored financial services to individuals lacking credit history, says RBI governor.
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.
2,562 complaints against illegal lending apps, Maharashtra tops list: Fin Min
Maharashtra tops the list with 572 complaints.
Simpl gets asset-backed line to support $1 billion of BNPL
Small-ticket buy now pay later loans are gaining popularity, driven by new-to-credit customers.
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.
Let ARCs shoulder NPAs, banks focus on credit creation
The ARCs, the quintessential bad banks, can help the commercial banks focus on underwriting good loans, supporting GDP growth.
