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 Affordable housing safer bet for lenders with under 1% NPA

Affordable housing safer bet for lenders with under 1% NPA

With higher loan growth rate of 23 percent over almost the past five years and low delinquency rates of under 1 percent, the affordable housing segment offers strong growth opportunities for lenders, says a report.

ADB lending hits record high

ADB lending hits record high

The Asian Development Bank (ADB) operations exceeded the $30 billion mark for the first time in its 50-year history as regional demand for development finance and knowledge continues to grow, a report said on Tuesday.

India to inject $3.4 billion in state banks to revive credit growth

India to inject $3.4 billion in state banks to revive credit growth

India will inject 229.15 billion rupees ($3.41 billion) in 13 state-run banks to help shore up the cash-strapped lenders and revive loan growth that has hit a two-decade low.

Credit growth to fall to 15-year low in FY14: BofA-ML

Bank of America-Merrill Lynch (BofA-ML) Tuesday said loan growth of Indian banks will fall to a 15-year-low of less than 13 percent in the current fiscal.