The contraction has been across all the four segments of the commercial credit segment, including micro, small, medium, mid and large enterprises
Against bank credit of Rs 98 trn at present, desired level should be Rs 400 trn, says Dinesh Kumar Khara; As per RBI data, Bank credit growth was 10.24% in the fortnight to August 30
Unsecured loans can only offer banks a temporary shelter during a downturn in collateralised credit
The Indian banking crisis has merely meant a lower level of GDP growth than before the onset of the crisis
The low penetration of private credit as a percentage of India's gross domestic product suggests that all channels of credit have tremendous potential to grow
India Ratings said the 15 top NBFCs have around Rs 5 trillion loan assets that are 'preferred for assignment or securitisation'
ICRA says credit to MSMEs will grow at 12% annually over the next 5 years
Rating agency Icra, in a note, had said it expected banks to hike deposit rates in the near term, as incremental credit has outpaced deposits over the last quarter
The base figures are getting revised due to the demonetisation drive and that is where you are seeing the growth, said SBI's P K Gutpa
The year-on-year bank credit growth as of September 15 stood lower at 7.5%
Some industries saw a more than proportionate rise in loan funds, claimed the report
One-third of this massive contraction was led by just 10 companies
However, loan growth had marginally risen to 5.52% in the fortnight to April 14 to Rs 76.31 trillion
Full-blown economic recovery depends on the reversal of the secular decline in credit growth
Saddled with high bad debt and weak corporate demand, credit growth plunged to a six-decade low
Some parties said demonetisation did not have positive impact on credit growth
Historically, overall credit has grown at 1.6 times GDP growth
Credit growth was 11.2% in the year-ago period and has now touched 5%
Credit grew 11.6 per cent year on year from 9 per cent in October