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Credit growth News

03 Sep 2022

Domestic banks should keep more capital for worst-case scenario: RBI governor

RBI governor stressed banks should raise more capital due to uncertain global financial environment. He assures RBI keeps track of excessive lending in any sector - NBFCs, small financial banks, etc. India's inflation has reached to peak and now it is in declining phase, said Das.

25 Feb 2022

NBFCs to see stability in FY23; capital, margins, provisioning strengths

The agency, which maintained a 'neutral' sector outlook and 'stable' rating outlook for the NBFCs, said its expectations will hold true in the absence of any negative event. Credit growth for entities it rates will rise to 14 per cent in FY23 from 8 per cent in FY22. Since the default by IL&FS in 2017, NBFCs have faced difficulties which only aggravated with the outbreak of the pandemic, which affected liquidity.

20 Aug 2017

Tepid credit growth: RBI data missing non-bank, debt markets

Though there's no denying that credit growth continues to decline, the RBI data on sectoral credit growth shows only one side of the story as credit per se has been expanding through non-banking channels, primarily in the debt market, said a report.

16 Apr 2017

Credit growth plunges to over 60 year low at 5% in FY17

For the year to March, banks' outstanding credit stood at Rs 78.81 trillion compared to Rs 75.01 trillion as of April 1 2016, show the central bank data.

17 Nov 2016

'Bank note reform to depress inflationary pressures in India'

India's bank note reform has pushed up deposit growth and boosted liquidity that may in turn depress inflationary pressures, the Development Bank of Singapore (DBS) said Thursday.

RBI governor Raghuram Rajan

28 Jun 2016

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.

23 May 2016

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.

04 Mar 2016

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

Scheduled commercial banks

28 Aug 2015

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.

02 Aug 2015

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.

11 Jun 2015

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.

15 Apr 2015

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.

Banks' asset quality

18 Mar 2015

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.

05 Feb 2015

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.

16 Jan 2015

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.

02 Jan 2015

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.

20 Nov 2014

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.

09 Nov 2014

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.

02 Oct 2014

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.

31 Aug 2014

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.

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