Page 2 - Credit

Credit offtake remains robust in April across sectors, shows RBI data

Loans to medium-sized industries gerew 53.5% this April as compared with 44.8% a year ago

Sri Lanka extends credit line with India by $200 mn for fuel: Power Min

Colombo was also in talks with New Delhi over extending the credit line by an additional $500 million, minister Kanchana Wijesekera told a news conference.

Despite policy efforts, half of Indian adults 'credit unserved': Report

An additional 164 million were classified as 'credit underserved' in the global study done by Transunion Cibil, while only 179 million fit into the 'credit served' category

Despite policy efforts, half of Indian adults 'credit unserved': Report

Around 480 million adult Indians till the age of 65, representing half of the overall population in the earning segment, are 'credit unserved'

India extends additional $500 mn credit line to Sri Lanka for fuel purchase

India has already agreed to defer USD 1.5 billion in import payments that Sri Lanka needs to make to the Asian Clearing Union

Banks share in industrial credit plunges to 34% in FY21, says report

The share of non-banks in the commercial credit has more than doubled to 44 per cent while that of foreign banks' rose to 22 per cent in FY21

Budget 2022: Govt extends ECLGS till Mar 2023; includes hospitality sector

Total guarantee cover expanded to Rs 5 trillion

India's 'Buy Now, Pay Later' segment poised to reach $56 bn by FY26

The segment provides short-term financing to make immediate purchases and the credit can be paid back at a later date

What explains the lure of pay-later cards like Slice and Uni?

New pay-later cards are making their way into people's wallets, who don't even have a credit history. Let us find out why these pay-later cards are catching up and what is luring people towards them

IT min asks bankers to create robust platform for easy credit availability

IT Minister Ashwini Vaishnaw exhorted the banking industry to create an innovative digital platform for providing quick and easy credit to MSMEs, small businessmen, and those at the bottom of pyramid.

Rane launches Credit Linked Capital Subsidy Scheme for services sector

The Minister for Micro, Small and Medium Enterprises (MSME) launched the scheme at Guwahati

Govt looks to extend street vendor credit scheme during festive push

Is looking to increase limit of working capital loan to Rs 25,000 from Rs 10,000 currently, apart from raising maximum guarantee it provides on loans to 25% from 15%

Banks lend Rs 63,574 crore to 1.38 mn borrowers via outreach programme

Both public and private banks have extended credit through 10,580 camps under the programme. Loans are over and above those under various central government loan guarantee schemes

BharatPe plans $5 bn loan book to help small businesses with credit: CEO

Company expects growth from Unity Small Finance Bank, its joint venture with Centrum Group, says Suhail Sameer

Credit to retail, industry accelerates in August, slows in services sector

Loans for farming and allied activities continued to perform well, up 11.3% this August from 4.8% a year ago

Credit ratio rises to 4x to 2.3 in April-Aug on better corp health: Acuite

Reading also crossed pre-pandemic level of 1.8 in 2019; upgrades more than doubled to 1,380 from 571 and downgrades shrunk by 40.8 per cent from 1,015 in April-August 2020 to 601 in Apr-Aug 2021

India's credit ecosystem resilient despite Covid-19 pandemic: Experian

The credit information bureau says in a report India's consumer credit market is projected to grow at a higher rate than most major economies globally

Personal loan growth boosted credit outflow in April: HDFC Securities

Growth in agricultural credit continued to accelerate

How KKR's big bet on India credit became a cautionary tale for investors

Rocked by the shadow-banking crisis in India, KKR's local credit unit lost $207 million in the final nine months of 2019, wiping out nearly 40 per cent of its capital

Non-food bank credit grows 6% in November, shows RBI data

Non-food credit growth of banks stood at 6 per cent in November 2020 as compared to 7.2 per cent in the same month of the previous year, RBI data showed