Retail Loan Growth

Xpress Credit portfolio, which declined in Q2, also expected to rebound

Including the impact of the merger, banks' loans grew 13% last month, compared with 20% a year ago

Retains loan growth guidance of 11-13% despite slow capex

Public sector Indian Overseas Bank has unveiled retail loan processing centres in multiple cities aimed at streamlining the loan approval processes and reduce turn around time, a top official said. As many as eight Retail Loan Processing Centres were inaugurated in physical mode in Chennai while seven others were launched in virtual mode across cities, the bank's Managing Director and CEO Ajay Kumar Srivastava said. "Our new Retail Loan Processing Centres are not just about convenience. It is about building a smarter, more resilient banking framework. By harnessing digital tools and advanced analytics, we are ensuring stronger risk management while significantly reducing loan processing times," he said. The Retail Loan Processing Centre is designed to streamline the loan approval process, reduce turnaround time and provide faster and more efficient services to retail customers, he said in a statement on Sunday. Indian Overseas Bank has set up the RLPCs in Bengaluru, Coimbatore, Del

In these cases, the repayment history of these entities' borrowers is not updated, even if they continue to repay or clear their dues

India's consumption loan portfolio grew by 15.2 per cent year-on-year (YoY) to Rs 90.3 lakh crore as of March 2024, according to the latest credit bureau report. The fourth edition of CRIF High Mark report noted a slowdown from the 17.4 per cent growth recorded in March 2023, largely due to a deceleration in the home loans segment, which accounts for 40.1 per cent of the overall consumption loan portfolio by value. The home loans portfolio saw growth slowing down to 7.9 per cent YoY in FY24, from the 23 per cent expansion seen in FY23. This was mainly due to muted growth in "originations", which increased by 9.2 per cent in FY'24 compared to 18.2 per cent in the previous fiscal year. Origination refers to the process by which a lender creates or initiates a new loan or credit, including evaluating, processing, and approving a borrower's application. The report finds a shift toward higher ticket sizes, with a growing preference for loans above Rs 35 lakh, although the average ticket

During the financial year 2024, a total of 27.4 million MSME loans were sanctioned, amounting to Rs 54.2 trillion. This marks a growth of 19.3% in volume and 5.4% in value

Maintaining loan growth momentum, protecting margins may not be easy as interest rate cycle changes

Pressure on NIM cited, upside risk to headline inflation flagged

Bank of Baroda posted faster growth in advances than in deposits. The loan book of the BoB grew by 1.73 per cent while deposits improved by 1.59 per cent, sequentially

The credit-to-deposit ratio of the Mumbai-based private sector lender Yes Bank rose to 86.8 per cent at the end of June from 85.5 per cent at the end of March

Within the retail segment, credit growth in housing, the largest constituent of the retail category

18% GST on additional fees, other considerations on providing loans

Loan growth was low due to technology upgrades to the platform in H1FY24, though momentum improved in H2FY24

Under the new framework effective July 1, Sebi will impose penalties in case of surveillance-related lapses on stock exchanges, clearing corporations, and depositories

PNB Housing Finance aims to grow its portfolio by 17 per cent during the current fiscal on the back of the increase in branch network and focus on affordable housing loan. The housing finance company has enough capital to sustain this kind of high growth, PNB Housing Finance managing director Girish Kousgi told PTI. For the next 2-3 years, he said, "we dont need capital as we just raised capital through the rights issue last year". Last year, the mortgage firm raised about Rs 2,500 crore from rights issue. Talking about the strategy to achieve this kind of loan growth, he said, PNB Housing closed the year with the loan book of Rs 63,000 crore and aims to grow it by 17 per cent with focus on affordable segment. Its affordable housing loan book, which it started 15 months back, stood at Rs 1,790 crore. However, PNB Housing Finance's corporate loan book shrank 46 per cent in FY24 to Rs 2,052 crore as it was on a balance sheet cleansing exercise. He said the company would also incre

The total outstanding portfolio of the company grew 4 per cent year-on-year to Rs 2.87 trillion from Rs 2.75 trillion in the earlier year

Kumar says the core capital of the bank is set to improve after investors - Carlyle group and Advent International - convert the warrants into equity

The AU SFB board will discuss future course of action soon. It says the focus is now on integrating with Fincare

The bank's net loans grew 18%, it had said in its quarterly update earlier this month, outpacing a 14% growth in deposits