Page 4 - Bank Credit Growth

Ahead of festive season, credit offtake remains strong in July 2022

Reserve Bank of India (RBI) data showed that credit to industry grew 10.5 per cent in July 2022 against a mere 0.4 per cent in July 2021

Broad-based, double-digit annual growth seen in bank credit in Q1: RBI data

RBI data showed the metropolitan regions saw maximum acceleration with YoY credit growth vaulting from 2.7% in June 2021 to 13.2% in June 2022

Bank credit growth accelerates to 14.2% in June quarter: RBI data

Bank credit growth accelerated to 14.2 per cent in the quarter ended June 2022 from 6 per cent in the same period of the previous year, RBI data showed on Thursday. In the quarter ended March 2022, bank credit had expanded by 10.8 per cent. The Reserve Bank of India (RBI) on Thursday released the 'Quarterly Statistics on Deposits and Credit of SCBs for June 2022'. This data is collected from all scheduled commercial banks (SCBs), which include regional rural banks (RRBs), small finance banks (SFBs) and payments banks (PBs). "Credit growth has been broad-based: all the population groups (i.e., rural, semi-urban, urban and metropolitan), all the bank groups (i.e., public/private sector banks, foreign banks, RRBs and SFBs) and all the regions of the country (i.e., central, eastern, north-eastern, northern, southern and western) recorded double-digit annual credit growth in June 2022," as per the data. Aggregate deposit growth (year-on-year) has remained in the range 9.5 - 10.2 per cen

Merger with HDFC to help tap home finance opportunity: HDFC Bank chairman

A more stable balance sheet because of the merger will enable HDFC Bank to step up exposures and facilitate higher credit growth in the economy, said the chairman

Credit growth expected to improve aided by govt's push on public spending

Bank credit offtake is expected to pick up following normalisation of economic activities aided by the government thrust on public expenditure in current fiscal year, a report said. According to the Care Edge report, the gross non-performing assets (GNPA) ratio hit a six-year low of 5.9 per cent in FY22 but remained above the pre-asset quality review of 2015-16. However, it said, India's NPA ratio is one of the highest among the comparable countries despite gradual decline. Non performing loans eased in advanced economies due to continued deleveraging, and institutional and government intervention, it said. As the Indian economy has navigated the pandemic-induced shocks, it said, the bank credit growth by scheduled commercial banks (SCBs) improved post-August 2021 to reach 13.1 per cent in early June 2022, a rate last recorded in March 2019. Apart from retail, the major driver of this growth has been the wholesale credit, which reported double-digit growth after witnessing a ...

PSBs back on growth path as India's economic recovery gains traction

While the impetus to double-digit credit growth was from wholesale lending, retail credit growth continued to be robust

Bank credit to industry turns around in FY22, infra lending tops Rs 1 trn

Credit to medium-sized industries grew a robust 71.4% in March 2022 from 34.5% last year, that to micro and small units was 21.5% (3.9%) and to large industries was 0.9% against contraction of 2.5%

Bank credit growth to hit 4-year high of 11-12% in FY23: CRISIL

Corporate segment credit pace to double at 8-9%

Bank credit growth likely to be at 8.9-10.2% this fiscal: Report

The outlook for banks is expected to be stable amid an improvement in credit growth of 8.9-10.2% and decline in provisions in the current fiscal, rating agency Icra Ratings said on Tuesday

Bank credit grows by 7.86%; deposits by 9.11%: RBI data

Bank credit grew by 7.86 per cent to Rs 115.45 lakh crore and deposits rose by 9.11 per cent to Rs 161.28 lakh crore in the fortnight ended February 11, RBI data showed.

Festive season helps bank credit grow by 8.2% YoY, shows data

Showing a steady rise in demand for credit, bank loans rose 8.2 per cent year- on-year (YoY) at the end of the fortnight January 28, 2022

Bank credit grows at 8.21%, deposits at 8.31% in fortnight ending Jan 28

In the previous fortnight ended January 14, bank credit had risen by 8.01 per cent and deposits by 9.28 per cent

Banks see uptick in credit growth; asset quality likely to improve

"An increase in bond yields would impact treasury performance," Motilal Oswal Securities said.

Offtake in Metropolitan region lifts credit growth in H1FY22: RBI

YoY credit growth of the Metropolitan region, which accounts for over 60% of bank credit, rose from 1.7% this March to 4.6% in September

Credit growth of banks recovers; festivals help demand: Ratings agency

Bank credit grew by 180 basis points from the year-ago level of 5.1 per cent in the fortnight ended October 23, 2020: CARE.

Bank credit grows by 6.84%, deposits by 9.94%, shows RBI data

Bank credit grew by 6.84 per cent to Rs 110.46 lakh crore

Credit grows by 6.47 % on YoY basis to Rs 110.3 trillion in early October

So far this year, the growth in the major banking indicators has been mixed. Growth in deposits has slowed down

FY22 credit growth turns positive first-time ever

What stands out this time around is that positive growth happened despite a more debilitating impact of the second wave of the Covid-19 pandemic

IndusInd Bank's net advances jump to Rs 2.11 trn at end of June 2021

Shares of IndusInd Bank gained over 1 per cent to close at Rs 1,020.20 apiece on BSE.

Bank credit growth decelerates to 5.6% in March from 6.4% last year

The central bank further said aggregate deposits growth accelerated to 12.3 per cent in March 2021 from 9.5 per cent a year ago.