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Banks asset quality stress needs to be dealt first: RBI Governor

Banks asset quality stress needs to be dealt first: RBI Governor

Stressing on need to continue with sound domestic policies and reforms, RBI Governor Raghuram Rajan today said banks' asset quality stress has to be dealt first in order to revive the credit growth.

Credit growth unlikely to revive materially in near term: SBI

Credit growth unlikely to revive materially in near term: SBI

Credit growth in the country is unlikely to revive "materially" in near term as demand conditions are still acting as a laggard, says an SBI report.

Bank credit grows 11.62%, deposits at 11.02%

Bank credit grows 11.62%, deposits at 11.02%

Bank credit growth continued to remain in double-digits clipping at 11.62 percent year-on-year to Rs 71,72,740 crore for the fortnight ending February 19, according to the Reserve Bank data

Bank credit decelerates to 8.6% in Apr-Jun quarter

Scheduled commercial banks' credit growth slowed to 8.6 percent in quarter ended June against the 12.9 percent in the same period last year, the RBI data showed.

Non-food credit growth slows to 7.7% in June

Non-food credit growth of commercial banks slowed to 7.7 percent in June 2015 as against 13 percent expansion in the same period last fiscal.

Ahead of FM meet, Yes Bank feels scope of 0.25% rate cut

A day ahead of a meeting between Finance Minister Arun Jaitley and top bankers, private sector lender Yes Bank on Thursday joined its peers in promising to deliver a rate cut soon.

Credit growth finally claws back to double-digit at 11.5%

Bank credit grew at a healthy rate of 11.47 percent to Rs 68,30,965 crore in the fortnight ended April 3, according to the Reserve Bank data.

Improvement in banks' asset quality to take time: S&P

Improvement in the asset quality of Indian banks and growth in credit offtake is likely to take more time as the problems in mining and infrastructure sector are yet to be resolved, global rating agency S&P said on Wednesday.

RBI unveils countercyclical capital buffer norms for banks

The Reserve Bank on Thursday issued guidelines with the two-fold aim of ensuring capital buffer for difficult times and restricting banks from indiscriminate lending during the periods of excess credit growth.

Indian banks' overseas branches have credit growth at 31.2%

Credit extended by Indian banks' branches operating abroad increased by 31.2 percent to Rs 7.68 lakh crore (USD 127.9 billion) in 2013-14.

Gyan Sangam: Low demand for credit an area of concern, says Banking Secretary

Acknowledging that bad loans are "problem area," Financial Services Secretary Hasmukh Adhia on Friday said the low demand for credit is an area of concern and there is need to increase the same.

Act professionally, without fear or favour: Jaitley to bankers

Concerned over rising bad loans, Finance Minister Arun Jaitley on Thursday asked the chiefs of PSU banks to deal sternly with the issue of rising non-performing assets without any fear or favour.

SBI says associates don't need fresh capital this year

The five associate banks of SBI do not require any additional capital infusion this fiscal as the credit growth is tepid, a top official said.

Bank credit growth remains sluggish at 9.7%

Credit growth of commercial banks continued to remain weak with a growth of just 9.7 percent at Rs 61,46,526 crore for the fortnight to September 19, according to the RBI data.

Credit growth slows to 12.6% in July; corp demand falls to 10%

Increase in non-food credit was a tad lower than the 13 percent growth in the previous two months, according to the Reserve Bank data.

Credit growth overtakes bank deposits; grows at 13.3%

While total credit stood at Rs 54,04,562 crore in the same period last year, bank deposits stood at Rs 70,72,139 crore in the corresponding period last year.

Bank deposits rise 14.8%, credit growth at 13.8%

Bank deposits grew 14.8 percent year-on-year to Rs 78,88,416 crore as of May 2, faster than credit growth, according to the RBI data.

Credit growth slips to 13.8%; deposits up 15%

Bank deposits grew at 14.98 percent year-on-year to Rs 79,31,104 crore as on April 4, better than credit growth, according to RBI data.

Bank credit grows by 14.3%; deposits up 14.6% till Mar 21

Bank deposits grew by 14.64 percent year-on-year to Rs 7,739,387 crore as on March 21, higher than credit growth, according to the RBI data.

Credit growth inches up 15%, deposits rise 17%

The central bank has projected a credit growth of 15 percent and a deposit growth of 14 percent for banks for the current fiscal.