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Bank credit News

06 Oct 2024

Bank Credit Grows By 15% In Aug In India, Agriculture And Industry Pick Up

The credit to the industry sector saw a moderate increase of 9.8 per cent YoY in August, compared to 5.3 per cent same month last year.

29 Jul 2024

Indian Bank Clocks 41% Jump In Net Profit To Rs 2,403 Crore For April-June

The bank's gross advances increased by 12 per cent to Rs 5.40 lakh crore in the April-June quarter compared to Rs 4.8 lakh crore in the same quarter last year.

Reserve Bank of India

10 Mar 2022

Bank credit grows by 7.9%; deposits by 8.6%: RBI Data

Bank deposits stood at Rs 149.33 lakh crore, according to the RBI. In the previous week ended February 11, 2022, bank credit grew by 7.86 per cent.

26 Apr 2021

Bank credit grows 5.33%; deposits rise 10.94%

The agency said bank credit growth is likely to increase in FY22, given the growth in the economy and the base effect coming into play. The downside risks include lockdowns in key states, which may impact the industrial as well as the service segments.

Banks net profit

07 Nov 2017

Banks' net profit declines by 18% in Q2: CARE Ratings

The review is in the backdrop of slowdown in deposit and credit growth, reduction in base rate, repo rate, marginal cost of fund based lending rate (MCLR) and term deposit rate.

24 Aug 2017

Present project financing ways must change: Chanda Kochhar

With lenders' bets on project loans turning awry, ICICI Bank's Chanda Kochhar has said project financing is set to undergo fundamental changes wherein greater focus will be on planning and diligence.

17 May 2017

Rs 2.6 trillion of bank credit may slip in next 12-18 months: IndRa

Domestic rating agency India Ratings and Research on Wednesday said the banking system has Rs 7.7 trillion of unrecognised stressed loans in corporate and SME sector and expects around 35 per cent of them to slip into the NPA category in the next 12-18 months.

05 Feb 2017

'RBI should cut rates by 0.75%; ensure banks pass on benefit'

The Reserve Bank should cut interest rate by 0.5-0.75 percent in view of dismal credit growth as well as subdued demand and, along with government, nudge banks to pass them on at a time when demonetisation has led to "windfall gains", an industry body said today.

26 Nov 2015

Credit, deposits growth decline in Q2: RBI

The growth rate of deposits and credit was 12.3 percent and 9.5 percent, respectively, in the same quarter last year.

28 Oct 2015

Bank credit grows 9.54% to Rs 67,83,127 crore

Schedule commercial banks' credit increased by 9.54 percent to Rs 67,83,127 crore in the fortnight ended October 16, according to RBI data.

Scheduled commercial banks

28 Aug 2015

Bank credit decelerates to 8.6% in Apr-Jun quarter

Scheduled commercial banks' credit growth slowed to 8.6 percent in quarter ended June against the 12.9 percent in the same period last year, the RBI data showed.

State Bank of India

06 Aug 2015

SBI chief does not see credit pick up before March quarter

State Bank chairperson Arundhati Bhattacharya Thursday said bank credit is not picking up despite the seeming revival in the economy, adding that an improvement is not likely before the March quarter.

29 Jun 2015

Credit growth at tepid 3.7% in first 9 months of FY15

Rural and semi-urban centres registered higher growth in credit, RBI said.

22 Jun 2015

Bank credit, deposit fall steeply in March quarter: RBI

Bank credit grew at a slower rate of 9.8 percent and deposit growth rate slowed down to 10.7 percent in the March quarter, says RBI data.

State Bank of India

19 Jun 2015

Signs of pickup in bank credit, says SBI Chairwoman

State Bank of India's Chairwoman Arundhati Bhattacharya on Friday said there are signs of pickup in bank credit and demand for working capital from corporates has also started to rise.

Non-food credit

29 May 2015

Commercial banks' non-food credit rises by 8.9%: RBI

Non-food credit of scheduled commercial banks rose by 8.9 percent on a year-on-year basis to Rs 60,41,400 crore in April, according to RBI data released on Friday.

Scheduled commercial banks

27 May 2015

Bank credit grows at 10.16%; deposits up 11.85%: RBI

Scheduled commercial banks' credit grew at 10.16 percent to Rs 66,32,101 crore in the fortnight ended May 15, according to the Reserve Bank data.

Outstanding credit

08 May 2015

FY14 credit growth slips to 13.7%: RBI

The gross outstanding credit of scheduled commercial banks rose 13.7 percent to Rs 62,82,100 crore in financial year 2013-14, a marginal decline from the previous fiscal when it registered an increase of 15 percent, the Reserve Bank said on Friday.

19 Mar 2015

Power sector total loan from banks at Rs 5.83 lakh crore

The total outstanding credit to the power sector from various banks amounted to Rs 5.83 lakh crore at the end of 2014 but the government has no plans to reschedule the loans to electricity generating firms.

18 Mar 2015

Credit offtake growth slips to 10.2%; deposits up by 11.62%

Growth in non-food credit offtake from commercial banks slowed to 10.19 percent at Rs 65,24,257 crore for the fortnight ended March 6, according to Reserve Bank of India (RBI) data released Wednesday.

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