Household debt warrants close monitoring: RBI
With overall household savings declining to 18.4% of GDP in 2022-23 from an average of 20% of GDP over 2013-2022, household debt warrants close monitoring, says RBI
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Banks' gross NPA ratio hits multi-year low of 2.8%
Indian banks have been boosted by rising profitability and declining non-performing assets.
NBFC loans to grow 15% in next 12-18 months: Moody’s
Moody's says NBFCs' profitability will moderate somewhat in the next 12-18 months as funding costs for them will increase.
India's tougher consumer credit norms address emergent risk: Fitch
NBFCs' bank funding costs could rise by 40 basis points - 60 basis points, says Fitch
RBI wants lenders to identify 'wilful defaulters' within 6 months
Wilful defaulters will not be eligible for restructuring of the credit facility.
Bank credit growth slows to 16.8% in Dec quarter: RBI
Growth in credit was led by bank branches in metropolitan centres, says RBI.
Budget 2023: Credit Growth Signals Economic Activity
Incremental growth in FY22 over FY21 was ₹9.41 lakh crore.
Bank credit to grow 15% in FY23: Crisil
Retail credit is expected to grow the fastest at 17-19%.
Consumer Credit Growth At All-Time High
Restructured standard advances ratio, especially of services and retail loans, has shown a sharp increase in FY21 though. Some of these could turn into NPAs, adding to banks’ stress assets.
Bank loan books, asset quality at risk due to Omicron, says ICRA
According to ICRA, with incremental restructuring under Covid 2.0, the overall standard restructured loan book for banks increased to 2.9% of standard advances as on Sept. 30, 2021.
