Loan sanctioning and debt recovery may move at slow pace now
The guidelines will be implemented from April 2022 for bad loans on or after April 1 that year.
The offtake of credit by industry presents reason for worry simply since credit indicates capex that can generate jobs for sustainable growth.
Lending to major businesses witness sluggish demand
Fixed deposits: Kotak Mahindra Bank and Fincare Small Finance Bank have recently revised interest rates on FDs.
RBI’s decision will help small businesses with bank exposure of less than Rs 5 crore
Treasury yields rose 14-19 basis points on Wednesday in the primary auction
ustomers applying for new loans or wishing to transfer current loans, including balance transfers, will be subject to the revised rates.
Banks sanctioned loans through 924 camps hosted in 405 districts from October 16-20 as part of the government's nationwide credit outreach initiative.
ICICI Bank Q2 results: The private lender said total advances grew by 17 percent year-on-year to Rs 7.64 lakh crore in Q2FY22.