The loan growth of Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) (excluding IFCs) will moderate to 17 per cent in FY25, down from 21 per cent in FY24, says a report by Jefferies.
Growth in credit card spending across the system has dropped to about 13 per cent year-on-year (y-o-y) in August 2024, down from 19 per cent in July 2024. The Reserve Bank of India (RBI) credit card data for August 2024, has also highlighted a continued slowdown in both the number of cards i
The household (HH) situation in India has continued to deteriorate in recent months, with real income levels persistently declining, highlighted a report by 'Systematix Institutional Equities' a brokerage firm.
Mumbai (Maharashtra) [India], May 31: IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bank is seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 over FY23. The Bank also sees significant upcoming opportunitie
New Delhi [India], September 30 (ANI): After the Reserve Bank of India (RBI) hiked repo rate on Friday, it brings into focus how the hike was in line with the tightening policies across the economies as expected by experts.
Mumbai (Maharashtra), Feb 8 (ANI): Indian state-owned banks will be forced to continue on a path of risk aversion and soft loan growth without adequate capital support from the state, according to Fitch Ratings.
Mumbai (Maharashtra) [India], Jan 11 (ANI): Bank credit growth remains moderate but the outlook is improving due to healthy traction in mortgage, auto and cards led by faster economic recovery, Emkay Global Financial Services said on Monday.
Mumbai (Maharashtra) [India], Oct 2 (ANI): Retail credit growth in the country moderated to 10.6 per cent year-on-year for the fortnight ended September 11 versus 17 per cent in January with home loan growth moderating 11 per cent, according to Motilal Oswal Institutional Equities.
Mumbai (Maharashtra) [India], Aug 28 (ANI): A surge in gold prices since the start of coronavirus pandemic has helped to support higher loan growth by some Indian non-bank financial institutions (NBFIs) that lend against the metal, a move that will bolster their interest income but the trend