Credit Market

The big green reset: Major changes are afoot in the credit markets

As the transition to a low-carbon economy gathers pace

Credit market cracks widen as distressed debt nears $650 billion

Distressed debt in the US alone jumped more than 300 per cent in 12 months, high-yield issuance is much more challenging in Europe and leverage ratios have reached a record by some measures

Economic uptick boosts credit offtake beyond 20% in retail, services

The rise in credit was largely driven by housing and vehicle loans segments

Credit to industry up 12.6% YoY in September; touches 100-month high

Apart from base effect, credit to industry got a big boost from MSMEs; among sectors, petroleum, gems & jewellery, engineering, iron & steel, and construction were key drivers

Overall credit market grows 11.1% to Rs 174.3 trn in FY22: Report

Led by a 122 per cent spike in retail loan volume, the overall credit market grew 11.1 per cent in FY22 over the previous year to Rs 174.3 lakh crore, according to a credit bureau report. According to credit bureau CRIF High Mark, the total lending market stood at Rs 174.3 lakh crore as of March 2022, registering an 11.1 per cent growth over March 2021. Commercial, retail and microfinance lending portfolios contributed 49.5, 48.9, and 1.6 per cent, respectively to this growth. Giving a break-up, the report said personal loans saw a full 46 per cent growth in originations by value, and a much higher 122 per cent growth in originations by volume in FY22 over the previous year, and the sector is dominated by state-run and private banks along with non-banking entities. Led by private sector banks, credit cards saw a higher 48 per cent growth in new card originations and the share of the new card originations of private banks increased from 61.2 per cent in FY21 to 71.4 per cent in ...

Rs 7K-crore NPA sale to NARCL by Q4: IDBI Bank MD & CEO Rakesh Sharma

'We have identified accounts worth Rs 11,000 crore, of which Rs 4,000 crore is technically written off', said Sharma

Credit to industry hits 8-year high as corporations opt for bank funding

According to the latest Reserve Bank of India (RBI) data, loans to micro, small, medium, and large industries rose to Rs 31.82 trillion as of July end, up 10.5 per cent year-on-year (YoY).

Broad-based, double-digit annual growth seen in bank credit in Q1: RBI data

RBI data showed the metropolitan regions saw maximum acceleration with YoY credit growth vaulting from 2.7% in June 2021 to 13.2% in June 2022

BNPL credit facility used without caution can lead to a debt trap

Understand all the attendant costs of this facility; delayed repayment will hit your credit score

Credit-deposit growth gap widens to a three-year high of nearly 5%

Development fuels concern that slow deposit growth could emerge as one of the biggest constraints for loan growth in the system

Robust credit growth continues, small and mid-size businesses gain

RBI data showed that credit to industry grew 8.7 per cent in May

Fintech has potential to transform India's financial landscape: MoS Finance

Industry looks at credit card penetration as a key growth driver in future

Lending app Money View raises $75 mn from Tiger Global, Accel, others

Money View has raised USD 75 million in Series-D funding from Tiger Global, Winter Capital, Evolvence India and Accel, along with other investors

MFIs seek extension of credit guarantee scheme till FY2023

The industry body said smaller MFIs are finding it difficult to mobilise additional/new investment

Private credit fashions a cautious entry, attracts attention of PE players

Despite differences over the projected size of this market, a growing number of PE funds are testing the waters

FM hands over Rs 306-cr credit sanction letters to 145 beneficiaries in J&K

Union Finance Minister Nirmala Sitharaman on Tuesday handed over credit sanction letters of Rs 306 crore to beneficiaries in Jammu and Kashmir and announced a host of initiatives

1.75 million received Rs 76,012 crore loans during festival period

Banks say efforts now to expand credit to ensure economic revival is durable

Credit active consumers rise 7% during Feb-Oct this year: Report

According to the report, credit inquiries also jumped 54 per cent during the said period

China's central bank vows to boost credit support, stabilise money growth

The People's Bank of China will keep monetary policy stable with a good cross-cyclical design and will support high-quality economic expansion with "appropriate money growth," according to a statement

MSME credit demand surges as markets reopen in June: Report

In March 2021, commercial credit enquiries were at 32 per cent over pre-Covid-19 levels.