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BANK CREDIT GROWTH
India’s growth engine still has plenty of runway with earnings set to accelerate: JefferiesJefferies expects India’s real GDP growth to stay at 6.5-7% in the current fiscal, with corporate earnings growth accelerating to 17% next ...
Amid strike threat, Fin Secy Sanjay Lohia calls bank chiefs' meet to ensure servicesFinancial services secretary Sanjay Lohia has called a meeting with public sector bank, RRB and NABARD heads on Monday to ensure uninterrup...
AI investment, government borrowing drive global cost of capital higher: Goldman SachsGoldman Sachs says the global cost of capital is rising as AI infrastructure spending pushes companies to borrow more while governments als...
Bank credit growth hits 8-quarter high, widens funding gap as deposits lag: ReportBank credit growth reached a sixteen-month high, while deposits grew at a slower pace. This widened the credit-deposit gap, increasing fund...
Pass the buck to RBI, banks: Let the savings from digital payments fund UPI costs, not consumersThe RBI's MDR introduction on UPI transactions above ₹2,000 faces criticism. This move may discourage digital payments and encourage a retu...
India’s ‘sugar high’ warrants caution on RBI hikes, JPMorgan Chase & Co.’s Jahangir Aziz saysJPMorgan's Jahangir Aziz suggests India's economy is experiencing a temporary "sugar high" from past stimulus. He believes markets are anti...
SoftBank adds $21 billion to AI firepower in new debt dealsThe Japanese conglomerate increased its margin loan backed by shares of its chip unit Arm Holdings Plc by $5 billion to $25 billion, people...
India set to sustain 6.5-7% real GDP growth, nominal growth seen at 11-12%: JefferiesIndia is on track for 6.5-7% real GDP growth and 11-12% nominal growth this fiscal year, Jefferies said, citing resilient domestic demand, ...
FM Sitharaman asks banks to step up financial literacy efforts for MUDRA beneficiariesUnion Finance Minister Nirmala Sitharaman on Thursday asked banks providing loans under the PM MUDRA Yojana to step up financial literacy e...
AI’s 3 musketeers are hitting the brakes. Why Jefferies’ Chris Wood sees India midcap stocks regaining favourIndia’s domestic economy is showing resilience despite geopolitical and energy risks, with stronger bank credit, corporate lending and earn...
Global Market | China’s slower loan growth is becoming the new normal: PBOC Governor Pan GongshengChina’s slower loan growth is emerging as a new normal as weakening property and local government sectors reduce credit demand faster than ...
Will fixed deposit interest rates go up in October as inflation rises?Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of possible interest rate hikes by t...
Reliance Industries to raise Rs 12,500 crore via five-year bondsIn a significant financial maneuver, Reliance Industries aims to secure ₹12,500 crore via a five-year bond issuance, orchestrated by Indian...
- Expert calls for human accountability in AI-led banking at Global Fintech Fest
"AI can automate decisions; but accountability cannot be automated," Krishnakumar said.
Bank deposits grow 17.8% in August, fastest in decade as FCNR-B inflows mask local mobilisation woesBank deposits grew 17.8% year-on-year at the end of August, the fastest pace in a decade, driven largely by a surge in FCNR-B deposits afte...
Bank of India mobilises $2.33 billion via FCNR(B), enough to meet one-quarter lending needs: CEOBank of India secured USD 2.33 billion through FCNR(B) deposits, replacing bulk funding sources. This mobilization will meet approximately ...
FCNR boost for bank credit growth may be temporary, says Axis CEO Amitabh ChaudhryRecent foreign currency deposits could provide a short-term uplift to the growth patterns in bank lending. With the narrowing of differenti...
Private banks’ profit margins recover as FCNR(B) inflows ease deposit funding pressureIndia’s private banks saw fresh lending spreads widen sharply in July as FCNR(B) inflows improved liquidity and reduced reliance on expensi...
Gold loans, consumer durables drive NBFC credit growth to 14.9% in JulyNon-banking financial companies saw 14.9 percent credit expansion by July end. This growth accelerated from last year's 10.6 percent expans...
Bank credit to industry rises 20 percent in July: RBI dataBank credit to industry grew by twenty percent in July, while agriculture advances expanded faster. Non-food bank credit saw nineteen point...