Loan Growth In India
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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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Paytm UPI App Records 35 Percent YoY Merchant Growth to Rs. 2.65 Lakh Crore in April-May 2023
Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.
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Paytm Reported 51.5 Percent Rise in Q4 Revenue, Posted Profit for Second Consecutive Quarter
Indian digital payments firm Paytm reported a 51.5 percent rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm's parent, One 97 Communications, said revenue rose to Rs. 23.35 billion in the January-March quarter, from Rs. 15.41 billion a year earlier.
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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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"India On Way To Become Fifth Largest Economy": President To Parliament
Prime Minister Narendra Modi-led government in its second term will implement more economic reforms, raise investment in the farm sector, provide collateral-free loans to entrepreneurs and further simplify GST to boost economic growth, President Ram Nath Kovind said Thursday.
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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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"Sent High-Profile Fraud List To PM's Office": Raghuram Rajan's Bombshell
Former RBI governor Raghuram Rajan has said in his report to a parliamentary panel that he said a list of high profile fraud cases to the Prime Minister's Office but was "not aware of any progress" on it.
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"Slow Decision-Making" A Factor In Mounting Bad Loans: Raghuram Rajan
Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel.
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Farm Loan Waivers, Not Income Growth Behind Rural Revival: Report
The growth in demand seen in some rural pockets is driven by farm loan waivers and not by real increases in rural incomes and wages, indicating that the economy is still far from a full-blown rural revival, says a report.
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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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Must Set Our House In Order: Amitabh Kant On Economic Slowdown
Factories were running at about 74 percent of capacity in October-December, business sentiment in manufacturing worsened in the April-June period and consumer confidence dipped in June.
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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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Moody's Upgrades India's Banking Sector Outlook to 'Stable'
Moody's Investors Service today upgraded its outlook for India's banking system to 'stable' from 'negative' on expectation that a gradual improvement in the operating environment for lenders will lead to lesser growth in bad loans in future.
-
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.
-
Paytm UPI App Records 35 Percent YoY Merchant Growth to Rs. 2.65 Lakh Crore in April-May 2023
Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.
-
Paytm Reported 51.5 Percent Rise in Q4 Revenue, Posted Profit for Second Consecutive Quarter
Indian digital payments firm Paytm reported a 51.5 percent rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm's parent, One 97 Communications, said revenue rose to Rs. 23.35 billion in the January-March quarter, from Rs. 15.41 billion a year earlier.
-
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...
-
"India On Way To Become Fifth Largest Economy": President To Parliament
Prime Minister Narendra Modi-led government in its second term will implement more economic reforms, raise investment in the farm sector, provide collateral-free loans to entrepreneurs and further simplify GST to boost economic growth, President Ram Nath Kovind said Thursday.
-
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.
-
"Sent High-Profile Fraud List To PM's Office": Raghuram Rajan's Bombshell
Former RBI governor Raghuram Rajan has said in his report to a parliamentary panel that he said a list of high profile fraud cases to the Prime Minister's Office but was "not aware of any progress" on it.
-
"Slow Decision-Making" A Factor In Mounting Bad Loans: Raghuram Rajan
Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel.
-
Farm Loan Waivers, Not Income Growth Behind Rural Revival: Report
The growth in demand seen in some rural pockets is driven by farm loan waivers and not by real increases in rural incomes and wages, indicating that the economy is still far from a full-blown rural revival, says a report.
-
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.
-
Must Set Our House In Order: Amitabh Kant On Economic Slowdown
Factories were running at about 74 percent of capacity in October-December, business sentiment in manufacturing worsened in the April-June period and consumer confidence dipped in June.
-
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...
-
Moody's Upgrades India's Banking Sector Outlook to 'Stable'
Moody's Investors Service today upgraded its outlook for India's banking system to 'stable' from 'negative' on expectation that a gradual improvement in the operating environment for lenders will lead to lesser growth in bad loans in future.
