Credit growth in the economy is influenced more by overall economic activity than by the size of the liquidity surplus, according to a recent report by Standard Chartered, an international bank.
India's banking system remained in a liquidity surplus during the past week, with average surplus funds amounting to Rs 2.04 lakh crore, according to a report by Union Bank of India.
Pune (Maharashtra) [India], July 6 (ANI): Bajaj Finance said on Tuesday it booked 46 lakh new loans during Q1 FY22 as compared to 18 lakh in the year-ago period.
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.
Mumbai (Maharashtra) [India], September 1 (ANI): The system liquidity though still in surplus territory contracted to average Rs 3.5 lakh crore in July from above Rs 5 lakh crore in June, India Ratings and Research (Ind-Ra) said in its latest edition of credit market tracker.
Mumbai (Maharashtra) [India], May 19 (ANI): Bajaj Finance on Tuesday posted a consolidated profit after tax for Q4 FY20 at Rs 948 crore, down 19 per cent from Rs 1,176 crore in the corresponding period of previous fiscal.