Several lenders including State Bank of India, the country's largest lender and HDFC Bank, India's most valuable bank by market capitalisation saw demand for housing and vehicle loans return to near pre-pandemic levels in the quarter ended September.
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In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim order on September 3.
Mid- and small-cap shares witnessed strong buying interest as S&P BSE MidCap and S&P BSE SmallCap indices also rose nearly 2% each.
SBI's provisioning for bad loans fell sharply in September quarter to Rs 5,619.28 crore from Rs 9,420 crore in the previous quarter.
The official said that the RBI was studying the possibility of investing in AAA-rated corporate dollar bonds, which offer better returns than sovereign credit.
Loan Moratorium: Banks Told To Credit ''Interest On Interest'' To Borrowers, RBI Tells Supreme Court
Banks, financial and non-banking financial institutions have been asked to take "necessary actions" to credit the difference between compound and simple interest collected on loans of up to Rs 2 crore during the moratorium scheme,
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