Bank credit grows 6.18%, deposits 11%: RBI data
Rating agency Crisil in a recent report said bank credit growth is likely to nosedive to a multi-decadal low of 0-1 per cent in 2020-21 as economic activity is sharply impacted by the COVID-19 pandemic.
RBI to release daily payments data to facilitate research
Additionally, the data will also include the withdrawals made at ATMs and cash avai...
RBI asks banks, NBFCs to disclose digital lending agents upfront
To make digital lending more transparent, the Reserve Bank on Wednesday dire...
MSME loans dip 7% since March as bankers err on side of caution
The Indian banking sector's exposure to the MSME sector contracted by more than Rs 35,000 crore from Rs 4.8 lakh crore in March to Rs 4.5 lakh crore in May, latest Reserve Bank of India (RBI) data on sectoral credit deployment showed.
Deposits rise over Rs 2.8 lakh crore in six weeks of lockdown
Bank deposits have risen by over Rs 2.8 lakh crore in three fortnights of the lockdown till May 8, while bank credit during the period dipped by Rs 1.2 lakh crore, according to data released by the Reserve Bank of India.
NBFC-MFIs to begin fresh lending only after expiry of moratorium
The total estimated collective disbursements by NBFC-MFIs up to September could merely be Rs 2,884 crore, Microfinance Institutions Network (MFIN) said in a report. This is significantly less than the average disbursements of around Rs 6,600 crore per month seen in FY20.
Bank credit grows 6.24 percent, deposits rise 11.28 percent
On a fortnightly basis, bank advances grew 0.3 per cent or Rs 32,022.49 crore to Rs 102.54 lakh crore in the week to June 5 as against Rs 102.22 lakh crore in the week ended May 22, 2020.
Nearly 15 per cent of State Bank of India's Mudra loan portfolio turned bad
“We have tweaked the model and changed it to e-mudra," Kumar said. "Some parameters are changed and now the NPA ratio has reduced to 10% in new loans. The entire process is now end-to-end digitised," he said in a video call with businessmen, organised by the Bharat Chamber of Commerce .
RBI buys so many US dollars that it ends up supporting debt market
Data from the RBI suggest that local banks are recycling the liquidity into government bonds.
Slowdown in cash demand: Signs of economic revival
For three consecutive fortnights, RBI data shows that currency with the public, cash withdrawn by the general public from banks and ATMs has slowed down in pace for three consecutive fortnights.
Cash withdrawal from ATMs dips in April
According to data released by the RBI in monthly bulletin for June, the number of transactions or cash withdrawal volume from ATMs also declined 28.66 crore in April from 54.71 crore in the previous month. April was the first full month of lockdown, due to which movements were restricted in a majority parts of the country.
Banks are adopting account aggregator framework on data
Account aggregators are responsible for transferring, but not storing, client data. An AA ecosystem, as envisaged by the Reserve Bank of India (RBI), would be a platform for financial services companies to reach out to the consumer to seek consent before using their personal data to optimise their product offerings.
Bank credit growth dips to 8.5 pc in January: RBI data
During the month, personal loans segment grew by 16.9 per cent. Within personal loans, credit to housing segment grew by 17.5 per cent from 18.4 per cent, while education loan showed a negative growth of 3.1 per cent as against a negative growth of 2.3 per cent in January 2019, RBI data showed.
RBI slaps Rs 4 crore penalty on Citibank NA and Rs 1.45 crore on three other banks for flouting rules
The regulator said the penalty on Citibank was for not adhering to the directions related to customer credentials.
Missing India inflation data turns focus to RBI forecast models
Policymakers will now rely on alternative surveys and in-house forecasting models to make sense of price trends.
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