Indian GDP surprising positively despite headwinds: Axis Bank
The report pointed out that the food inflation could throw a challenge to the monetary policy action.
credit growth
December 2023
July 2023
February 2023
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December 2022
November 2022
HDFC Bank Q1 advances grow 15.8%; deposits up 19.2%
The merged entity’s gross advances grew 13.1% YoY to ₹22.45 lakh crore, while deposits rose 16.2% YoY to ₹20.63 lakh crore.
Bank credit growth slows to 16.8% in Dec quarter: RBI
Growth in credit was led by bank branches in metropolitan centres, says RBI.
Improvement in financial performance bodes well for Indian banks: Fitch
Increased write-offs, higher loan growth, and improvement in asset quality have boosted the financial performance of Indian banks, says Fitch.
Budget 2023: Credit Growth Signals Economic Activity
Incremental growth in FY22 over FY21 was ₹9.41 lakh crore.
Economic Survey 2022-23: Credit growth likely to be brisk in FY24
Credit to MSMEs has seen a significant increase in part assisted by the introduction of the Emergency Credit Line Guarantee Scheme (ECLGS), says Economic Survey.
Budget 2023: The hidden trap in India’s consumer loan surge
‘Personal loans’, rather than credit to agri, industry, and services, remains at the top and drive credit offtake, which needs to be corrected to avoid low-middle income trap and stalling growth
Bank Credit in a Sweet Spot
As credit offtake improves due to growing corporate interest and optimism around GDP growth, the banking sector is set to reap the riches.
Bank credit to grow 15% in FY23: Crisil
Retail credit is expected to grow the fastest at 17-19%.
Micro credit grows to ₹2.63 lakh cr, MFI loans up 19% in 2021-22
The average ticket size per loan stood at ₹39,903 as on March 2022 whereas it was ₹36,510 as on March 2021.
