Bank Loan Growth
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Pakistan Seeks $4.9 Billion More In Loans After Missing Growth Target
The Pakistan government is reportedly planning to borrow USD 4.9 billion from international banks to meet its external financing needs and strengthen its foreign exchange reserves.
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Banks' Loan Growth Slows For 8th Straight Month In February: RBI Data
Loan growth at Indian banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India.
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World Bank Approves $188 Million Loan For Maharashtra
The World Bank has approved a USD 188.28-million loan to stimulate economic growth in Maharashtra, especially in the lagging districts, a media release said.
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Oil Is 'Biggest Risk Factor' For Economic Growth, Says HDFC Bank Director
India must overcome challenges posed by oil and climate-related issues to remain the fastest growing large economy in the world, HDFC Bank Director Keki Mistry said.
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India Aims to Copy China, But Not in Lending-by-App Craze
There’s a lot about Beijing’s decades-long infrastructure push and investment-led growth that India wants to emulate. But when it comes to the consumer economy, aping China’s out-of-control digital lending boom is strictly off the policy agenda. The Reserve Bank of India’s recently released guidelines for app-based loans show a clear desire...
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Arun Jaitley's Advice To Banks To Sustain 8 Per Cent Growth
Finance Minister Arun Jaitley today asked public sector banks to take "effective action" in cases of fraud and wilful loan defaults.
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Resolution Of Bad Loans, GST Implementation To Lift Growth: Economic Survey
"The new Indian Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce their debts," it said.
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Bank Credit Rises By 8.8% Year-On-Year, Says RBI
Non-food credit as a whole of banks rose by 8.8% in November, which is almost double from the 4.8 percentage point growth clocked in the year-ago month.
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Public Sector Banks To Get Rs 2.11 Lakh Crore, A 'Bold' Step, Says Arun Jaitley
Finance Minister Arun Jaitley said that the lending spree of public sector banks during 2008-14 had resulted in the bulk of the bad loans in the banking system.
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Reviving Private Investment, Strengthening Banks A Challenge: Arun Jaitley
"The reality is that there are two major challenges. One with regard to encouraging private sector investment and second with regard to improving the capacity of our banking system to support growth," Arun Jaitley said, addressing IBA's Annual General Meeting.
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HDFC Bank Account Holders Get New EMI Facility, ICICI Bank's New Offer. Details Here
In the absence of credit demand from corporate clients, private banks are concentrating their focus on retail loans, which have seen a huge growth in recent days.
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Bank Credit Growth This Fiscal Hits Historic Low, Says Report: 5 Things To Know
The decline in deposits growth is expected, as huge amounts of money that flowed into the banking system post demonetisation is now mean reverting, SBI chief economist Saumya Kanti Ghosh said.
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RBI Cuts Repo Rates By 0.25 per cent; Auto Loans Likely To Get Cheaper
Car loans are currently available at an average of 11 per cent interest and while we wait to find out by how much this rate is likely to go down by, the auto industry is definitely looking forward to a possible rate cut.
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Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
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Finance Minister Arun Jaitley Meets Bankers, Bad Debts Top Agenda
Finance Minister Arun Jaitley's review meeting with the chiefs of public sector banks today is expected to create a turnaround road map on how banks - facing nearly 3.6 lakh crore worth non-performing assets (NPAs) - can become part of the India's growth story.
-
Pakistan Seeks $4.9 Billion More In Loans After Missing Growth Target
The Pakistan government is reportedly planning to borrow USD 4.9 billion from international banks to meet its external financing needs and strengthen its foreign exchange reserves.
-
Banks' Loan Growth Slows For 8th Straight Month In February: RBI Data
Loan growth at Indian banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India.
-
World Bank Approves $188 Million Loan For Maharashtra
The World Bank has approved a USD 188.28-million loan to stimulate economic growth in Maharashtra, especially in the lagging districts, a media release said.
-
Oil Is 'Biggest Risk Factor' For Economic Growth, Says HDFC Bank Director
India must overcome challenges posed by oil and climate-related issues to remain the fastest growing large economy in the world, HDFC Bank Director Keki Mistry said.
-
India Aims to Copy China, But Not in Lending-by-App Craze
There’s a lot about Beijing’s decades-long infrastructure push and investment-led growth that India wants to emulate. But when it comes to the consumer economy, aping China’s out-of-control digital lending boom is strictly off the policy agenda. The Reserve Bank of India’s recently released guidelines for app-based loans show a clear desire...
-
Arun Jaitley's Advice To Banks To Sustain 8 Per Cent Growth
Finance Minister Arun Jaitley today asked public sector banks to take "effective action" in cases of fraud and wilful loan defaults.
-
Resolution Of Bad Loans, GST Implementation To Lift Growth: Economic Survey
"The new Indian Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce their debts," it said.
-
Bank Credit Rises By 8.8% Year-On-Year, Says RBI
Non-food credit as a whole of banks rose by 8.8% in November, which is almost double from the 4.8 percentage point growth clocked in the year-ago month.
-
Public Sector Banks To Get Rs 2.11 Lakh Crore, A 'Bold' Step, Says Arun Jaitley
Finance Minister Arun Jaitley said that the lending spree of public sector banks during 2008-14 had resulted in the bulk of the bad loans in the banking system.
-
Reviving Private Investment, Strengthening Banks A Challenge: Arun Jaitley
"The reality is that there are two major challenges. One with regard to encouraging private sector investment and second with regard to improving the capacity of our banking system to support growth," Arun Jaitley said, addressing IBA's Annual General Meeting.
-
HDFC Bank Account Holders Get New EMI Facility, ICICI Bank's New Offer. Details Here
In the absence of credit demand from corporate clients, private banks are concentrating their focus on retail loans, which have seen a huge growth in recent days.
-
Bank Credit Growth This Fiscal Hits Historic Low, Says Report: 5 Things To Know
The decline in deposits growth is expected, as huge amounts of money that flowed into the banking system post demonetisation is now mean reverting, SBI chief economist Saumya Kanti Ghosh said.
-
RBI Cuts Repo Rates By 0.25 per cent; Auto Loans Likely To Get Cheaper
Car loans are currently available at an average of 11 per cent interest and while we wait to find out by how much this rate is likely to go down by, the auto industry is definitely looking forward to a possible rate cut.
-
Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
-
Finance Minister Arun Jaitley Meets Bankers, Bad Debts Top Agenda
Finance Minister Arun Jaitley's review meeting with the chiefs of public sector banks today is expected to create a turnaround road map on how banks - facing nearly 3.6 lakh crore worth non-performing assets (NPAs) - can become part of the India's growth story.
