Slower growth seen for NBFC-MFIs
5 years, 4 months ago

Slower growth seen for NBFC-MFIs

Deccan Chronicle  

Chennai: Despite RBI increasing the lending limit for individual borrowers and households, industry observers project a slower growth for micro finance institutions in FY20 compared to FY19. Though growth could pick up in the subsequent quarters, it will limit the yearly growth below last year’s levels,” said Rajat Bahl, Chief Analytical Officer and Head-Financial Institutions, Brickwork Ratings. The YoY growth in June quarter too was slower at 44 per cent against 77 per cent in the year-ago quarter. The total disbursements in the June quarter fell to Rs 16,137 crore from Rs 19,230 crore in the March quarter—a drop of 16 per cent.

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History of this topic

Banks' loan growth slows for eighth straight month in February, RBI data shows
2 hours, 41 minutes ago

Banks' loan growth slows for eighth straight month in February, RBI data shows

The Hindu  

Loan growth at 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. The data showed that banks' credit increased by 12% year-on-year last month, slower than the 16.6% rise a year earlier, excluding the impact …

RBI highlights moderation in personal loan expansion, now at 14.2% in January
3 weeks, 3 days ago

RBI highlights moderation in personal loan expansion, now at 14.2% in January

Live Mint  

The latest data presented by the Reserve Bank of India show easing of personal loan expansion in India's financial sector. Personal loan expansion year-to-year was 14.2% in the fortnight as of January 24, 2025 as detailed in a press release by RBI on Feb 28, 2025. On a year-on-year basis, non-food bank credit as of the fortnight ended January 24, …

The huge burden of small loans in Karnataka
3 weeks, 6 days ago

The huge burden of small loans in Karnataka

The Hindu  

Twenty-five-year-old Madhuri L., mother of a baby barely two months old, taking shelter under the stairs of a private building in the dry winter month of January at Tarihal village in Belagavi in north Karnataka became one of the defining images of the plight of those who borrowed from microfinance institutions and defaulted on repayment. As the lending increased with …

Loan Growth Slowed in Q3 on Weak Demand
1 month ago

Loan Growth Slowed in Q3 on Weak Demand

Deccan Chronicle  

Mumbai: With banks facing challenges in mobilizing deposits, reducing their exposures to unsecured loans and non-banking financial companies due to higher risk weights, and a slowdown in demand from borrowers, overall credit growth moderated in the third quarter of the current financial year. Personal loans, which hold a large share of total credit, recorded a moderation in annual growth, slowing …

NBFCs gain fresh momentum as RBI eases bank lending norms
Trending News
1 month ago

NBFCs gain fresh momentum as RBI eases bank lending norms

Live Mint  

The business environment is set to turn favourable for non-banking financial companies, thanks to two recent developments. A lower interest rate cycle benefits NBFCs relative to banks, as it erodes banks’ cost advantage from low-cost current and savings account deposits, allowing NBFCs to compete more effectively. Read this | Lower capital requirements for bank loans to NBFCs to ease funding …

Lower capital requirements for bank loans to NBFCs to ease funding woes
1 month ago

Lower capital requirements for bank loans to NBFCs to ease funding woes

Live Mint  

The Reserve Bank of India’s decision to ease rules on bank loans to non-banking financial companies has been driven by a slowdown in credit flow to these entities, which have been facing a funding crunch amid systemic liquidity deficit and rising asset quality stress in small-ticket and microfinance loans, analysts said. The central bank had in November 2023 hiked risk …

RBI eases lending rules for small borrowers and NBFCs. Here's what it means
1 month ago

RBI eases lending rules for small borrowers and NBFCs. Here's what it means

India Today  

The Reserve Bank of India has eased the stricter loan rules for small borrowers and non-bank lenders at a time when the economy is showing signs of slowing down. The RBI has also put on hold its earlier proposals to increase the capital that banks must set aside for new project loans and the liquidity they need to maintain for …

RBI reduces risk weights on bank loans to NBFCs, MFIs
Trending News
1 month ago

RBI reduces risk weights on bank loans to NBFCs, MFIs

Live Mint  

Amid cries of deficit liquidity in the banking system and funding crunch for several small lenders, the Reserve Bank of India on Tuesday reduced the risk weights on bank loans to non-banking finance companies and microfinance loans. The RBI’s decision to roll back its November 2023 hike in risk weights for NBFC loans has been driven by the significant slowdown …

Delinquencies in micro loans surge three-fold
1 month ago

Delinquencies in micro loans surge three-fold

Deccan Chronicle  

Chennai: Micro loan disbursements in the December quarter de-grew by 20 per cent even as the delinquencies shot up three-fold against the same last year. Similarly, banks saw delinquencies rise from 2.3 per cent to 6.8 per cent, small finance banks 2.8 per cent to 7.2 per cent, and NBFCs 1 per cent 3.7 per cent, according to MFIN. NBFC-MFIs …

Bank credit grown steadily, SCBs seeing constant improvement in profitability: Economic Survey
1 month, 3 weeks ago

Bank credit grown steadily, SCBs seeing constant improvement in profitability: Economic Survey

The Hindu  

Bank credit has grown at a steady rate in the current financial year and there has been a consistent improvement in the profitability of Scheduled Commercial Banks as reflected in a fall in gross non-performing assets accompanied by a rise in the capital-to-risk weighted asset ratio according to the Economic Survey 2024-25 which was tabled by Union Minister of Finance …

Large Indian NBFIs poised to outperform amid economic and regulatory challenges: Fitch Ratings
2 months ago

Large Indian NBFIs poised to outperform amid economic and regulatory challenges: Fitch Ratings

Live Mint  

New Delhi, January 24 : India's large non-bank financial institutions are better positioned to weather economic and regulatory challenges compared to their smaller counterparts, according to Fitch Ratings. While softer economic conditions, tighter bank funding, and asset quality concerns are expected to affect the sector's credit growth and profitability in the near term, larger NBFIs with robust operations and diversified …

Bad Loans to Impact Growth & Profitability of Small Finance Banks
2 months, 1 week ago

Bad Loans to Impact Growth & Profitability of Small Finance Banks

Deccan Chronicle  

Mumbai: With more and more microfinance loans turning bad, small finance banks that had been witnessing strong growth momentum and profitability over the last two years would see them moderating. According to rating agency ICRA, SFB growth would moderate in FY2025 to 18-20 per cent from 24 per cent in FY2024 and subsequently pick up in FY2026 to 20-23 per …

MFI portfolio declines, bad assets spike in Sept qtr: Report
2 months, 2 weeks ago

MFI portfolio declines, bad assets spike in Sept qtr: Report

Live Mint  

Mumbai, Jan 8 Microlending outstandings in the system reduced 4.3 per cent to ₹4.14 lakh crore in the September quarter as lenders adopted a cautious stance amid deteriorating asset quality, a report said on Wednesday. Loans unpaid for 1-30 days increased to 2.1 per cent from the 1.2 per cent in June, while the ones unpaid for 31-180 days witnessed …

NBFC loan growth to decline in FY26 to 18.5% YoY: Ind-Ra
Trending News
2 months, 2 weeks ago

NBFC loan growth to decline in FY26 to 18.5% YoY: Ind-Ra

The Hindu  

India Ratings and Research which has maintained a neutral sector outlook and a Stable rating Outlook for non-bank finance companies for FY26 has projected that the loan growth of NBFCs would further decline in FY26 to 18.5% YoY. According to the rating agency the NBFCs after witnessing a phase of high reliance on the unsecured loan segment for achieving loan …

Stocks to Watch: ITC, HDFC Bank, Bajaj Finance, NTPC Green, Vedanta, and more
2 months, 3 weeks ago

Stocks to Watch: ITC, HDFC Bank, Bajaj Finance, NTPC Green, Vedanta, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Bajaj Finance: Bajaj Finance reported a solid 28 percent YoY growth in its assets under management, reaching ₹3.98 lakh crore as of December 31, 2024. Union Bank of India: Union Bank of India’s Q3 FY25 business update showed a 4.7 percent YoY increase in total business, …

Share of stressed MFI assets, borrower indebtedness rises in H1: RBI report
2 months, 3 weeks ago

Share of stressed MFI assets, borrower indebtedness rises in H1: RBI report

Live Mint  

Mumbai: The share of stressed loans has risen in the microfinance portfolios of Indian lenders across ticket sizes, adding to concerns about the sector. In the first half of FY25, impairment among borrowers who had availed loans from multiple lenders and those with higher credit exposure remained high, reflecting the rise in borrower indebtedness, the report said. In the quarter …

RBI expresses optimism about Indian economy, gross NPA at 12-year low, GDP to grow at 6.6 per cent
2 months, 3 weeks ago

RBI expresses optimism about Indian economy, gross NPA at 12-year low, GDP to grow at 6.6 per cent

India TV News  

The Reserve Bank of India on Monday said that the bank's asset quality improved further and their gross non-performing assets or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024. "Buoyed by falling slippages, higher write-offs and steady credit demand, the gross nonperforming assets ratio of 37 scheduled commercial banks fell to a multi-year …

NBFC-MFIs Debt Funding Drops 40.6 Percent in Q2 FY25
3 months, 2 weeks ago

NBFC-MFIs Debt Funding Drops 40.6 Percent in Q2 FY25

Deccan Chronicle  

Chennai: As NBFC-MFIs turned cautious of asset quality, micro loan disbursements declined 16 per cent in terms of value and 27 per cent in volume terms in Q2 FY25. Against the Q4 FY24, when Rs 40,440 crore was disbursed through 88 lakh accounts, Q2 disbursements were down by 39 per cent. As a result, assets under management of NBFC-MFIs were …

Banking reforms need to get a lot more ambitious for the economy’s sake
3 months, 3 weeks ago

Banking reforms need to get a lot more ambitious for the economy’s sake

Live Mint  

The 19 amendments to banking laws that were passed by the Lok Sabha on Tuesday remove various niggles in extant provisions, straighten out some others and make life easier for bank customers, especially a tweak that allows four nominees per account. While more than 90% of India’s nearly 60 million MSMEs are micro sized and best served by specialized non-bank …

NBFC-MFI growth to remain muted for this year and next
4 months ago

NBFC-MFI growth to remain muted for this year and next

Deccan Chronicle  

Chennai: Micro loans by non-banking finance companies are likely to see a flat growth or decline in FY25 against 28 per cent growth in FY24. The Q2 results highlight the added stress for the sector, due to overleveraging and a cyclical slowdown in disbursements, both accentuating asset quality challenges. But in FY25, disbursements could be impacted as funding from lenders …

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks
4 months, 1 week ago

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks

The Quint  

Given that India’s economic growth relies heavily on domestic consumption, any slowdown in lending could ripple through the broader economy, impacting sectors dependent on consumer spending. Moreover, as banks shift their focus from retail to secured loans to mitigate risks, small and medium enterprises could face reduced access to capital, hindering job creation and slowing down economic expansion. In October, …

NBFCs brace for slower growth as asset stress, fund costs pinch
4 months, 3 weeks ago

NBFCs brace for slower growth as asset stress, fund costs pinch

Live Mint  

Mumbai: The September quarter results for non-banking financial companies were mixed, as most lenders felt the ripple effects of the Reserve Bank of India’s recent regulatory actions and slowdown in credit flow from banks. Higher funding costs and emerging asset quality concerns—especially in retail, unsecured, and microfinance portfolios—hit profitability in the second quarter, and may lead to a cut in …

NBFCs Outpace Banks With 21% Deposit Growth In FY24
6 months, 1 week ago

NBFCs Outpace Banks With 21% Deposit Growth In FY24

ABP News  

Non-bank lenders have increased their deposit base by 21 per cent in FY24, in contrast to the more modest 13.5 per cent rise experienced by banks, according to data from the Reserve Bank of India. The RBI's Handbook of Statistics on the Indian Economy reveals that the total public deposits held by NBFCs reached Rs 1.03 lakh crore by the …

Microfinance sector heading for a bumpy ride as bad loans mount
6 months, 3 weeks ago

Microfinance sector heading for a bumpy ride as bad loans mount

New Indian Express  

MUMBAI: The microfinance sector is headed for a bumpy ride with overleveraged borrowers missing installments, forcing the lenders to go slow on new loan sales in the first quarter of the current fiscal. In the June quarter, MFIs saw their collections falling, leading to higher delinquencies as well as a slowdown in the growth of assets under management, which is …

MFI Risks Rise with Overleveraging in Bihar, UP
7 months ago

MFI Risks Rise with Overleveraging in Bihar, UP

Deccan Chronicle  

Chennai: Increasing borrower leverage, especially in states like Bihar and Uttar Pradesh, is a key concern for the micro-finance segment. For MFI borrowers, the check on household leverage becomes paramount, as improved availability of loans from MFI players, government loans, Kisan Credit Card loans, mudra loans, gold loans, and other fintech loans could overleverage the end MFI borrower, impacting repayment …

NBFCs Face Funding Strains, Slower Growth Ahead
7 months ago

NBFCs Face Funding Strains, Slower Growth Ahead

Deccan Chronicle  

Mumbai: Non-banking financial companies are likely to face funding challenges that could result in slower growth compared to the robust expansion seen in the last two fiscals according to rating agency ICRA Ltd. “The banking sector, a key lender to the NBFC segment, is expected to register an overall credit expansion of around 12 per cent in FY2025, resulting in …

India assessing need for more measures to slow unsecured lending, cenbank chief says
9 months, 2 weeks ago

India assessing need for more measures to slow unsecured lending, cenbank chief says

Hindustan Times  

MUMBAI - India's central bank is assessing whether further measures would be needed to slow down the growth in banks' lending towards unsecured loans and non-banking finance companies, Governor Shaktikanta Das said on Friday. India assessing need for more measures to slow unsecured lending, cenbank chief says The Reserve Bank of India, has warned lenders against "all forms of exuberance" …

NBFC lenders find borrowing a costly affair
11 months, 2 weeks ago

NBFC lenders find borrowing a costly affair

Live Mint  

MUMBAI : Non-bank lenders are struggling through a spike in borrowing costs as banks have become cautious in lending to them following a regulatory warning, forcing these companies to diversify their money sources. The Reserve Bank of India in November increased the risk weights on NBFCs by 25 percentage points, making their cost of borrowing from banks costlier by 30-50 …

Household income limit for micro loans should be raised to ₹5 lakh: NBFCs
1 year ago

Household income limit for micro loans should be raised to ₹5 lakh: NBFCs

Live Mint  

Non-banking finance companies and microfinance institutions want the Reserve Bank of India to reexamine the threshold relating to annual household income limit for giving micro loans. The last time criteria relating to the annual household income limit for giving microloans to individual borrowers was revised was in 2022, when it was upped from ₹1.25 lakh in rural areas and ₹2 …

Loan Ticket Size of MSMEs Rise After Pandemic
1 year, 1 month ago

Loan Ticket Size of MSMEs Rise After Pandemic

Deccan Chronicle  

Chennai: Post-Covid, the ticket size of loans by lenders to MSMEs has increased while approval rates have fallen. The average ticket size of loans offered by public sector banks has risen from Rs 12.6 lakh to Rs 15.1 lakh between Q2, 2022 to Q4, 2023. Approval rates in PSU banks for medium-risk companies are down from 58 per cent in …

SBI Q3 net slips 35% on wages, pension
1 year, 1 month ago

SBI Q3 net slips 35% on wages, pension

The Hindu  

State Bank of India reported third quarter net profit plunged 35.49% to ₹9,164 crore as compared with ₹14,205 crore in the year ago period due to a one-time provisioning of ₹7,100 crore toward wage hikes and pension liabilities, its chairman Dinesh Khara said at a press conference. Out of the ₹7,100 crore the bank provided ₹5,400 crore to correct the …

How RBI’s new regulations on consumer credit will affect fintech lenders
1 year, 4 months ago

How RBI’s new regulations on consumer credit will affect fintech lenders

Live Mint  

The Reserve Bank of India has tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans. The move comes within a month of RBI Governor Shaktikanta Das flagging concerns over the high growth seen in the consumer credit segment. In the circular, the RBI said, "It has been decided …

’Worried over high growth in personal loans’
1 year, 5 months ago

’Worried over high growth in personal loans’

Live Mint  

New Delhi: Reserve Bank of India governor Shaktikanta Das cautioned against the risks of “very high growth” in personal loans and urged lenders to strengthen their internal surveillance mechanisms and address the build-up of risks. While this is the first time RBI has publicly voiced concerns about the sharp growth in personal loans, the regulator has been cautioning banks about …

Let’s not conflate microfinance with self-help-group financing
1 year, 6 months ago

Let’s not conflate microfinance with self-help-group financing

Live Mint  

The microfinance industry has witnessed moves by the Reserve Bank of India to revise the regulatory framework for it and also caution it against an exclusive focus on business growth. Thus, it wasn’t surprising for us to see the CEO of Sa-Dhan write an op-ed in April 2023 that spoke of some hurdles faced by microfinance institutions in their search …

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth
1 year, 8 months ago

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth

Live Mint  

IndusInd Bank is set to announce its earnings for the first quarter of FY2024 on Tuesday. The private sector lender is expected to see stable margins and healthy loan growth during the June quarter. “Deposit growth was 15% YoY, broadly steady vs. last quarter and remains higher than system deposit growth of 12% YoY as of mid-June. Analysts at brokerage …

Microfinance portfolio grows 21% in FY23, shows Sa-Dhan data
1 year, 9 months ago

Microfinance portfolio grows 21% in FY23, shows Sa-Dhan data

Live Mint  

India’s microfinance sector has recorded an overall portfolio growth of 21% during 2022-23, as per data from industry body Sa-Dhan. Except for banks, all other institutions recorded double-digit growth, with non-banking financial companies recording a 49% growth and NBFC MFIs growing 37%. According to Jiji Mammen, executive director and chief executive of Sa-Dhan, the microfinance sector has shown significant performance …

Banks net interest income rises 25.5% in Q3; Bank of Maharashtra outruns PSBs
2 years, 1 month ago

Banks net interest income rises 25.5% in Q3; Bank of Maharashtra outruns PSBs

Live Mint  

Pune-based Bank of Maharashtra surpassed other public sector lenders in terms of loan growth percentage for the third quarter of FY23. As per an analysis of the latest financial results of public sector banks showed, which PTI cited, BoM bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures. …

Bank credit rose 15 pc in December
2 years, 1 month ago

Bank credit rose 15 pc in December

Deccan Chronicle  

Chennai: Bank credit rose by a robust 15 per cent in December, supported by 20 per cent growth in retail loans and 35 per cent growth in loans to NBFCs. Retail loans, which have 31.8 per cent share in the overall bank credit, grew by 20 per cent against December 2021 and 45 per cent against March 2020 due to …

Tightening liquidity may force Indian banks to compete harder for deposits
2 years, 6 months ago

Tightening liquidity may force Indian banks to compete harder for deposits

Live Mint  

Indian banks may be forced to compete harder to boost deposits amid tightening liquidity and rising credit demand ahead of the festive season, analysts warned. With excess liquidity in the banking system over the last couple of years on account of the cash infused by the RBI during the pandemic, banks chose to rely on raising funds from money markets …

MSME sector records credit growth of 14% in 2022-23, says SBI Research report
2 years, 7 months ago

MSME sector records credit growth of 14% in 2022-23, says SBI Research report

Firstpost  

SBI Research said in its weekly report ‘Ecowrap’ that the sector has expanded by Rs 52,800 crore against degrowth of Rs 61,000 crore during the similar period of the previous year New Delhi: Credit growth to the Ministry of Micro, Small & Medium Enterprises sector has expanded by Rs 52,800 crore in the current financial 2022-23 year against degrowth of …

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?
4 years, 2 months ago

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?

The Hindu  

The ratio of Gross Non-Performing Assets in Indian banks decreased in FY20 and FY21 despite the impact of COVID-19 and the economic downturn that preceded it. This was mostly due to three factors: 1) Banks wroteoff relatively more NPAs in FY20 to clean their balance sheets; 2) Some large NPA accounts got resolved through debt-recovery channels; and 3) It is …

MFs piled on private lenders in Aug
4 years, 6 months ago

MFs piled on private lenders in Aug

Live Mint  

Mumbai: Despite fears of defaults and end of the moratorium period, private banks were strong favourites among fund managers in August after hitting a 22-month low in July, while net outflow from equity schemes surged to a 10-year high, data for India’s top 20 mutual fund houses showed. The increase in exposure to private banks by mutual funds may have …

Bank Credit Grows 5.52% in Fortnight Ended Aug 14: RBI Data
4 years, 6 months ago

Bank Credit Grows 5.52% in Fortnight Ended Aug 14: RBI Data

News 18  

Bank credit grew 5.52 per cent to Rs 102.19 lakh crore and deposits increased 11.04 per cent to Rs 140.80 lakh crore in the fortnight ended August 14, according to RBI data. In the previous fortnight ended July 31, 2020, bank credit grew 5.51 per cent while deposits witnessed a growth of 11.11 per cent. On a year-on-year basis, non-food …

Bank Credit Grows 5.51% and Deposits 11.11%, Shows Latest RBI Data
4 years, 7 months ago

Bank Credit Grows 5.51% and Deposits 11.11%, Shows Latest RBI Data

News 18  

Bank credit and deposits grew 5.51 per cent and 11.11 per cent to Rs 102.65 lakh crore and Rs 141.61 lakh crore, respectively, in the fortnight ended July 31, according to the latest data from the RBI. On a year-on-year basis, non-food bank credit growth was at 6.7 per cent in June 2020, nearly the same as in May 2020 …

Bank Lending to NBFCs Jumps 190 Basis Points to 8.8% Since Sept 2018
4 years, 7 months ago

Bank Lending to NBFCs Jumps 190 Basis Points to 8.8% Since Sept 2018

News 18  

Amid continuing calls for more bank loans to non-banking lenders, the latest data showed that banks have already been lending more to them increasing their overall exposure to NBFCs by 190 basis points to 8.8 per cent between September 2018 and June 2020, according to a report by CARE Rating. In absolute terms, banks' outstanding to NBFCs saw a huge …

Credit growth may improve to 8-9pc in next fiscal: Crisil report
5 years, 1 month ago

Credit growth may improve to 8-9pc in next fiscal: Crisil report

India TV News  

Increased demand for retail loans, strong growth in lending by private banks and pick-up in economic activity are likely to improve credit growth to 8-9 per cent in the next financial year, says a report. "The prolonged slowdown in bank lending may be bottoming out this fiscal, with gross credit offtake set to rise 8-9 per cent on-year in FY21, …

Home, car loans will get cheaper
5 years, 1 month ago

Home, car loans will get cheaper

Deccan Chronicle  

Mumbai: As expected, the Monetary Policy Committee of the Reserve Bank of India on Thursday unanimously voted to keep the policy repo rate unchan-ged even as predicting a higher inflation at 6.5 per cent in April-June quarter and a lower economic growth at six per cent in the next fiscal. In a bid to lower interest rates for housing, auto, …

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand
5 years, 2 months ago

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand

Live Mint  

Non-banking finance companies play an important role in providing credit access to businesses and individuals across the spectrum. The increase in the ₹2 lakh tax rebate on housing loan interest rates under Section 24 of the Income Tax Act, will encourage demand for housing, especially in the affordable and mid-segment categories. Allow strong NBFCs/ HFCs to access public deposits: Large …

In 2020, muted credit growth, not bad loans, will be banks’ main concern; a lot will depend on early economic rebound
5 years, 2 months ago

In 2020, muted credit growth, not bad loans, will be banks’ main concern; a lot will depend on early economic rebound

Firstpost  

In the first seven months of the current financial year, the credit growth to large industries contracted by 3.4 percent as against a growth of 0.2 percent in the year-ago period. The gross NPA ratio of banks, which stood at 9.3 percent of the total loans in March 2019 could rise to close to 10 percent in September 2020, according …

Growth in bank credit to decline to 7 per cent in FY20
5 years, 3 months ago

Growth in bank credit to decline to 7 per cent in FY20

Deccan Chronicle  

Mumbai: Muted economic growth, lower working capital requirements and risk aversion among lenders have hit incremental credit growth which has increased by only Rs 80,000 crore during April to December 6, 2019 to Rs 98.1 lakh crore. Analysts expect bank credit growth to moderate to 6.5-7 per cent during FY2020 from 13.3 per cent in FY2019 following limited incremental credit …

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