SEARCHED FOR:CREDIT DEMAND
Bank credit up 5.66 percent, deposits rise 10.55 percent: RBI data
In the previous fortnight ended September 25, 2020, bank credit had grown by 5.15 per cent to Rs 102.72 lakh crore and deposits rose by 10.51 per cent to Rs 142.64 lakh crore.
Australian banks complain they have too much money, more may be on the way
Further measures to spur credit demand are on the cards, including...
Early Diwali as Covid-hit banks offer cracking deals on e-commerce
A weak recovery in offline retail amid continuing worries over the pande...
Vedanta’s debt maturities prompt credit rating warnings
Vedanta Ltd. holding companies Vedanta Resources Ltd. and Volcan Investments Cyprus Ltd. must repay a combined $1.17 billion next year.
Punjab National Bank launches festival offer, waives processing charges on some loans
Under the 'Festival Bonanza Offer', the bank will waive all upfront or processing fees and documentation charges on some of its major retail products like housing loans and car loans.
ICRA downgrades TAJGVK's credit ratings of long-term loans, short-term credit facilities
The revision for rating is on account of expected sharp revenue and margin decline expected for financial year 2020-21 due to steep demand drop owing to the pandemic, the company added.
With economy and credit rolling along, Fed unlikely to alter bond-buying
Expectations were high in September that the U.S. Federal Reserve, as it rolled out a new monetary policy approach and continued battling a recession, would ramp up its bond purchases to further boost the economy.
Credit demand reviving, but fintech lenders struggle to raise low-cost debt
Banks have increased risk premiums due to stress on their books amid the Covid-19 pandemic and a lack of clarity over whether a moratorium on loans would be extended.
Spendings on credit cards back to pre-pandemic level, shows RBI data
“Despite this not being a normal year, we saw a comeback of sorts from July, the second phase of spends will come during the festive season as there is a lot of suppressed demand among consumers,” said Parag Rao, Country head - Payments Business, HDFC Bank. “Dire need of the hour is for consumption to grow so that the economic engine roars back to life and we are doing our bit through our festive treats offering.”
Bharti Airtel Q2 preview: Telco's revenue may rise, losses may narrow down
Credit Suisse analysts believe the company’s losses may narrow to Rs 846.8 crore, compared to the steep net loss of Rs 23,044.9 crore a year ago. It believes the company’s revenues may have risen by 16.1 per cent to Rs 24,536.7 crore.
Credit outlook negative for gold jewellery retailers: CRISIL
The report said sales volumes plunged because of curtailed discretionary spending following the Covid-19 pandemic, stores remaining shut for most of the first quarter, and intermittent lockdowns in some states in the second quarter.
Federal Bank bets on gold loans to drive credit demand in sluggish economy
The bank is targeting gold loan growth to touch 35 per cent during FY21 as against 29 per cent in FY20.
If there is demand for credit, banks are ready to lend: Ashutosh Khajuria
'Monetary transmission happens when the dependence is more on market fund'
Demand to restore Article 370 in J&K is insult to Bihar: PM Modi
Modi, who addressed election meetings also at Gaya and Bhagalpur on Friday, came out strongly in support of chief minister Nitish Kumar in a show of solidarity aimed at ending speculations over a BJP-Janata Dal (U) rift.
Gold loan NBFCs to witness 15-18% growth in FY21: Crisil
Gold loans would be preferred also because NBFCs and banks have tightened their underwriting norms for other loans, leading to cautious lending to micro and small enterprises, traders and the self-employed.