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Credit expansion on an adrenaline rush in June, up 16.2%
Retail loans rose by 20.9% in June 2023 which was a further improvement on the 18.1% growth in June a year ago
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Two sides of the loan coin
The offtake of credit by industry presents reason for worry simply since credit indicates capex that can generate jobs for sustainable growth.
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Demand for retail credit wanes owing to weak industrial borrowing
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
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Celebrate 75th year of Independence with concession on loans
The largest bank of the country has got special offers on all sorts of retail loans.
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Bank of Maharashtra to provide loans to buy Tata Motors’ vehicles
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
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Clix Capital aims to double disbursal in FY22
Clix Capital founder Anil Chawla said the company continuously strive to bridge the credit gap in unserved and underserved segments
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Private ARCs moving to retail loans as national bad bank nearing reality
The pandemic-hit FY21 has seen tepid growth for ARCs, but retail loan portfolio grew faster, adding at least 25% more to AUM
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Banks expect a rush to recast retail loans post lockdown
Retail borrowers are likely to queue up to rejig loans as many see their repaying capacity shrink in the second wave of the pandemic
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Retail loans overtake bank credit to industries
In the new fiscal, banks are slowly aligning their exposure towards retail/personal loans to partake in the credit growth boom
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Your home and auto loan rates unlikely to change for now
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
