Page 5 - Bank Credit Growth

Bank credit shrinks by Rs 89,087 cr in April on second wave impact

The bank credit expanded by 5.7 per cent in 12 months till April 23, 2021, as against 6.8 per cent a year ago

Bank credit to grow 10% in FY22 on GDP expansion, policy measures: Crisil

NBFCs focused on gold loans and mortgages will be the least affected by the setbacks, Crisil report said

Non-food bank credit offtake slows to 6.5% in February

Bank credit offtake in the non-food sector slowed to 6.5 per in February 2021 on an annual basis, mainly on account of the impact of the coronavirus pandemic

Bank credit grows by 5.93% to Rs 107 trn, deposits by 11.06%: RBI data

Bank credit grew 5.93 per cent to Rs 107.05 lakh crore, while deposits rose 11.06 per cent to Rs 147.98 lakh crore in the fortnight ended January 29, RBI data showed. In the fortnight ended January 31, 2020, bank credit stood at Rs 101.05 lakh crore and deposits at Rs 133.24 lakh crore. In the previous fortnight ended January 15, 2021, growth in bank credit was 6.36 per cent, while deposits rose 11.41 per cent. During the first nine months of the current fiscal, bank credit rose by 3.2 per cent and deposits by 8.5 per cent. In December 2020, non-food credit growth of banks stood at 5.9 per cent as compared to 7 per cent in the same month of the previous year, according to RBI data on Sectoral Deployment of Bank Credit for December 2020, released last month. During the reporting month, growth in credit to agriculture and allied activities accelerated to 9.4 per cent from 5.3 per cent in December 2019. Loans to industry contracted by 1.2 per cent as compared to 1.6 per cent growth

Bank retail lending moderates in December, farm and SME credit accelerates

Impact of Covid-19-induced economic disruption continues to linger, lenders say

Bank credit grows 3.2% to Rs 107 trillion in first nine months of FY21

Bank credit grew 3.2 per cent to Rs 107.05 trillion in the first nine months of the current financial year, against a growth of 2.7 per cent registered in the corresponding period of 2019-20

Bank credit growth rises to 6.6% in fortnight to January 1, shows data

Bank credit rose by Rs 1.57 trillion in the last fortnight of Q3FY21.

Bank credit growth slows in Q2; personal loans maintain double-digit growth

Industrial credit, however, contracted 1.7 per cent YoY and its share in total credit was nearly 30 per cent at the end of the quarter.

Bank credit rises 5.67% to Rs 104 trn, deposits up 10.63%: RBI data

Bank credit grew by 5.67 per cent to Rs 104.04 trillion, while deposits increased by 10.63 per cent to Rs 143.80 trillion in the fortnight ended November 6, according to RBI data.

Bank credit up 5.6%, deposits rise 10.5% in fortnight to October 9

Growth in loans to agriculture and allied activities rose 4.9 per cent in the reporting month

Credit growth slows down to 5.14%, shows signs of pickup sequentially

The credit of commercial banks stood at Rs 97.68 trillion as on September 27, 2019

Bank credit up 5.26% to Rs 102.24 trn, deposits rise 11.98%: RBI data

In the fortnight ended September 13, 2019, bank credit was at Rs 97.13 trillion and deposits at Rs 127.22 trillion

Best of BS Opinion: Journey of economic reforms, ease of doing biz & more

Here's a selection of Business Standard opinion pieces for the day

Credit growth: Barking up the wrong tree?

It is unfair to expect risk capital from banks to prop up the economy. They deal with public money

Bank credit grows 5.52% to Rs 102.2 trn in fortnight ended Aug 14: RBI data

Credit to the services sector continued to grow at a robust, albeit decelerated, rate at 10.7 per cent in June 2020 vis-a-vis 13 per cent in June 2019

Most banks see meaningful credit growth recovery only after 18 months

Most banks believe that meaningful credit growth recovery is likely only after 18 months, while near-term uncertainty on asset quality remains, brokerages tracking the development said

PNB expects 4-6% credit growth this fiscal, says Mallikarjuna Rao

Punjab National Bank on Monday said its overall credit growth is likely to be at around 4-6 per cent in the current fiscal year as it expects the economy to return to normalcy from October onwards.

Covid-19 impact: Bank credit growth moderates further to 5.5% by July-end

Bankers said business conditions have been improving, but only incrementally. However, demand remains weak (for credit) and many people are repaying loans, some of of which are under moratorium

Bank credit up 5.5% to Rs 102.65 trillion, deposits rise 11.1%: RBI data

On an year-on-year (YoY) basis, non-food bank credit growth was at 6.7 per cent in June 2020

Share of industrial credit in total bank credit dips to 31.5% in March: RBI

Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.