Search For "credit growth"
India to witness 6 to 6.8 pc growth in 2023-24, high credit growth to MSME
Updated : 3 years, 1 month ago IST
The economy is expected to grow at 7 per cent in real terms for the year ending March 2023. This follows an 8.7 per cent growth in the previous financial year
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Innoviti Technologies Becomes India's First SaaS Platform to Enable Offlin
Updated : 3 years, 1 month ago IST
Bengaluru (Karnataka) [India], January 16 (ANI/PRNewswire): Aligning to RBI's initiative to drive credit growth on UPI, Innoviti Technologies (formerly, Innoviti Payment Solutions), India's largest collaborative commerce platform, has enabled credit card transactions on Unified Payments Inte
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Banks may see bad loans fall to a decadal low of 4% by March 2024: Crisil
Updated : 3 years, 5 months ago IST
New Delhi [India], September 21 (ANI) Gross non-performing assets (GNPAs) of banks are likely to decline by 90 basis points (bps) to 5 per cent this year and further improve to a decadal low of 4 per cent by March 31 next year, pushed by post-pandemic economic recovery and higher credit grow
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Credit growth to MSME sector firm in 2022-23: SBI Research report
Updated : 3 years, 7 months ago IST
New Delhi [India], July 31 (ANI): Credit growth to the Ministry of Micro, Small & Medium Enterprises (MSME) sector has expanded by Rs 52,800 crores in the current financial year as against degrowth of Rs 61,000 crore during a similar period of the previous year, SBI Research said in its
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Prospects for bank credit growth promising, to grow 12-13 pc in 2022-23: R
Updated : 3 years, 7 months ago IST
New Delhi [India], July 28 (ANI): The medium-term prospects for bank credit growth look promising with rising personal and wholesale borrowings and a substantial buffer for loan provisioning. Credit rating agency CareEdge estimates the credit growth to be in the range of 12-13 per cent durin
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HDFC and HDFC Bank merger will facilitate higher credit growth in India: H
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 16 (ANI): The proposed merger of HDFC Bank and HDFC will lead to a large and more stable balance sheet and help boost credit growth in the country, HDFC Bank Chairman Atanu Chakraborty said on Saturday.
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India's bank credit growth expected to remain positive, says CareEdge repo
Updated : 3 years, 8 months ago IST
New Delhi [India], July 5 (ANI): The outlook for India's bank credit growth, which has witnessed modest growth in recent years, is expected to remain positive due to slew of factors such as economic expansion, rise in government and private capital expenditure, rising commodity prices, imple
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Among major emerging market economies, Indian markets outperformed peers i
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): The year-on-year bank credit growth in India accelerated gradually in 2021-22 from 5.3 per cent in April 2021 to 9.2 per cent as on December 31, 2021, according to Economic Survey tabled in the parliament on Monday.
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Nascent signs of recovery visible in Bank credit growth: RBI
Updated : 4 years, 2 months ago IST
Mumbai [India], December 28 (ANI): The consolidated balance sheet of scheduled commercial banks expanded in size during 2020-21 despite the contraction in economic activity due to the COVID-19 pandemic, according to 'Report on Trend and Progress of Banking in India 2020-21' released by the R
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Real household spending in India to post 8.9 pc growth: Fitch
Updated : 4 years, 6 months ago IST
Singapore, Aug 28 (ANI): Fitch Solutions has forecast real household spending in India to post a growth of 8.9 per cent year-on-year in 2021 following a contraction of 9.3 per cent in household spending estimated over 2020.
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HDFC Bank reports 14 pc credit growth in Q1
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 5 (ANI): HDFC Bank on Monday reported 14 per cent year-on-year growth in its loan book during the first quarter of current financial year (Q1 FY22) despite second wave of coronavirus pandemic.
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Credit growth in FY22 to be in low double-digit: Care Ratings
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 19 (ANI): The credit growth for FY22 is likely to remain in low double-digit on the back of muted economic activity, Care Ratings said on Saturday.
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