Bank Credit Growth News

Banks need to take better risk-management decisions by leveraging data, analytics and technology. This can play a crucial role in reducing risk aversion, thereby helping revitalize credit and economic growth.

Credit to various sectors including agriculture has risen 12.3% year-on-year, data available as of July show. After a dip in March, foreign direct investments picked up pace in April and May

The budget will be presented at a time when the economy is facing the worst slowdown in at least half a decade, according to estimates from the Central Statistics Office

RBI seems no longer inclined toward regulatory forbearance, and rightly so

Numbers show that lop-sided growth continues, with industry continuing to languish, while consumption-based lending remains strong and the services sector is doing well

Banks dumped the excess deposits into government securities, bringing down interest rates on them and helping the government borrow at cheaper rates

After provisioning for bad loans, SBI believes there may still be around Rs1 trillion in the bank recapitalisation outlay available for handing out loans

The challenge now is to push ahead with financial sector reforms so that bank lending practices improve

HDFC Bank has reported a cool 20% growth in profit and an eye-popping 22% credit growth in Q2 when the rest of the banking industry is struggling to reach even mid-single digits

A relaxation of RBI provisioning norms for NPA accounts facing Insolvency and Bankruptcy Code will free up capital at banks and boost credit growth