Multibagger NBFC stock sees fresh stake buying amid continuous credit growth
Business | Sep 02, 2023, 08:02 PM ISTNBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).
NBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).
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.
Outstanding loans rose Rs 596.53 trillion ($8.40 billion) from a fortnight earlier to Rs 97.71 trillion as on September 27.
The government, on Tuesday, announced a capital infusion of Rs 2.11 lakh crore in state-run banks over a period of two years.
The RBI data on sectoral credit growth shows only one side of the story as credit per se has been expanding through non-banking channels, primarily in the debt market, said a report.
PM Modi Reels Out Credit Growth, FDI Inflows To Slam Doubters
Mumbai: State Bank of India (SBI) chief Arundhati Bhattacharya has said the cut in lending rates can only happen when credit picks up."What the banks are waiting for is a little bit more of a
Mumbai: Bank deposits grew 14.8 per cent year-on-year to Rs 78,88,416 crore as of May 2, faster than credit growth, according to the RBI data. Deposits of commercial banks stood at Rs 68,68,811 crore during
Mumbai, Apr 5: The country's largest lender, State Bank of India (SBI) is hopeful of posting a credit growth of 19-20 percent in the current financial year, a top bank official said.“The target (for credit
Mumbai, Jul 7: Despite concerns expressed about the slowdown in demand for credit in a high interest rates scenario, Chairman of Indian Banks Association M D Mallya has said the industry will meet the targeted
Top News
Latest News
