The offtake of credit by industry presents reason for worry simply since credit indicates capex that can generate jobs for sustainable growth.
The retail credit remained strong with 12% on-year growth, however the pace has decelerated from 2.6% in July to 1.2% in August on a MoM basis
The largest bank of the country has got special offers on all sorts of retail loans.
Bank of Maharashtra will give loans of up to 90% of the on-road price of the vehicle to individuals and up to 80% to corporate clients
Clix Capital founder Anil Chawla said the company continuously strive to bridge the credit gap in unserved and underserved segments
The pandemic-hit FY21 has seen tepid growth for ARCs, but retail loan portfolio grew faster, adding at least 25% more to AUM
Retail borrowers are likely to queue up to rejig loans as many see their repaying capacity shrink in the second wave of the pandemic
In the new fiscal, banks are slowly aligning their exposure towards retail/personal loans to partake in the credit growth boom
The RBI is slated to announce its first bi-monthly monetary policy of the 2021-22 fiscal on April 7, 2021 after a three-day meeting of the MPC headed
Bank credit refers to the amount of credit available to a business or an individual from a banking institution in the form of car loans, personal loan