Banks Credit Growth

Credit growth in the fortnight ended November 15 slowed to 11.15 per cent year-on-year (YoY), while deposit growth reached 11.21 per cent

Resource mobilisation challenge, regulatory nudge to weigh on growth

State-owned Bank of Maharashtra (BoM) on Friday said it has posted a credit growth of 16.31 per cent at Rs 2.03 lakh crore for the March quarter. The outstanding credit was Rs 1.75 lakh crore at the end of March 31, 2023, BoM said in a regulatory filing. The Pune-headquartered lender reported 15.63 per cent increase in total deposits to Rs 2.70 lakh crore as against Rs 2.34 lakh crore at the end of the fourth quarter of the previous financial year. During the quarter, it said, Current Account and Savings Account (CASA) declined to 52.73 per cent of the total deposits as against 53.39 per cent. The Credit Deposit (CD) ratio increased to 75.23 per cent at the end of March 31, 2024 as against 74.87 per cent in the year-ago period.

Private lenders with high loan-to-deposit ratio more vulnerable, says S&P

Bank deposits have gone up by 6.6 per cent to reach Rs 149.2 trillion during the April-August 2023 period, whereas the credit growth for the same period was 9.1 per cent

The share of their net profit in India's GVA hit a record high of 1%

The share of such loans declined between September 2020 and March 2022 in private banks and NBFCs but rose for public sector banks

Banks face pressure to raise deposits; weighted average call rate highest in 3 years

Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period

Bankers said the rise in credit offtake now is partly driven by expansion in economic activity

Public sector and private banks have sanctioned over 193,000 loans via 924 camps in 405 districts from October 16-20, FM Nirmala Sitharaman says in Tweet

Markets do not view banks with low capital favourably and offer funds at a higher rate, says study done independently.

However, this is against the sanction of Rs 1.10 trillion under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs) till July 1.

With the financial year ending on March 31, small- and mid-sized companies are likely to default en masse, while rating agencies will have to mark them in the 'default' grade

Growth in advances to the services sector decelerated to 8.9% from 23.9% in January 2019

The country has recorded high double-digit credit growth in the past and is capable of achieving similar growth now as well, they added

Non-food bank credit growth decelerated to 7 per cent in December 2019 from 12.8 per cent in December 2018

Last Friday, the government had unveiled a mega plan to merge as many as 10 public sector banks into four to help create stronger global-sized banks

The share of net credit of housing finance companies (HFCs) in the total flow of credit nearly doubled from 6.2 per cent in FY14 to 11.7 per cent in FY18

The spurt in credit disbursed by the Indian banking system driven mostly by rise in corporate and industrial credit