Bankers are seeing better days ahead with expectations of a pickup in credit growth in the next few quarters as corporate India readies to invest. Let's wait and watch
Bank credit grew by 7.14 per cent to Rs 111.64 lakh crore and deposits increased by 11.42 per cent to Rs 160.49 lakh crore in the fortnight ended November 15, 2021, RBI data showed.
Bank credit grew by 6.84 per cent to Rs 110.46 lakh crore
So far this year, the growth in the major banking indicators has been mixed. Growth in deposits has slowed down
Personal loans, including housing, now at 26.7% of bank credit, highest ever
The uptick in the credit growth in the recent months notwithstanding the second COVID-19 wave augurs well for the economy, said an article published in the RBI's latest bulletin.
The non-food credit bank credit grew at 6.2 per cent in July 2021, compared to 6.4 per cent growth a year ago, RBI data showed.
Govt should not push PSBs to lend
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Finance Minister Nirmala Sitharaman on Wednesday said that public sector banks (PSB) will adopt a nationwide credit outreach programme this year.
Asset risks for banks will rise in most parts of ASEAN and India as the region battles new waves of Covid infections amid low vaccination rates, according to a report by Moody's Investors Service
Bank credit grew by 6 per cent to Rs 109.31 lakh crore and deposits increased by 9.76 per cent to Rs 154.51 lakh crore in the fortnight ended July 2, 2021, RBI data showed.
The early numbers indicate that we have seen traction in the retail book. But, not much traction was seen in the corporate book, said Dinesh Khara, Chairman, SBI
The bank credit scenario in the country witnessed a sharp contrast in terms of sectoral credit offtake in FY21
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Includes credit guarantee schemes, steps to revive tourism, strengthen health infra
Relief package is well-intentioned but won't move the needle much
Bank credit grew by 5.74 per cent to Rs 108.43 lakh crore and deposits rose by 9.73 per cent to Rs 153.13 lakh crore in the fortnight ended June 4, 2021, RBI data showed.
The credit losses will remain well below expected long-term average in most countries despite last year's economic hardship
In fiscal year 2020-21, bank credit had grown by 5.56 per cent and deposits by 11.4 per cent.