New Delhi, May 12 (IANS) The net profit of public sector banks recorded a robust 11.1 per cent increase to scale an all-time high of Rs 1.98 lakh crore in FY 2025–26, marking the fourth straight year of profitability as reforms and strengthened governance practices have reinforced healthier balance sheets, enhanced operational resilience, and strong capital adequacy, the Finance Ministry said on Tuesday.Improved asset quality, healthy credit expansion and higher income contributed to improved …
Latest Credit Growth News & Updates
New Delhi, April 30 (IANS) The National Asset Reconstruction Company Limited (NARCL) has emerged as a key player in India’s stressed asset resolution ecosystem, aimed at strengthening the banking sector’s balance sheet. NARCL’s recovery efforts recorded a significant acceleration in the financial year 2025-26, with ₹4,364 crore realised, accounting for approximately 70 per cent of cumulative recoveries, according to a Finance Ministry statement issued on Thursday.This momentum und…
New Delhi, April 21 (IANS) Bank credit in India stood at Rs 213.6 lakh crore for the fortnight ending March 31, registering an annual growth of 16.1 per cent for the reported period — up from 11 per cent in the same period prior year, a report said on Tuesday.The report from CareEdge ratings said credit growth in Indian banks continued to outpace deposit accretion, widening the differential to about 260 basis points.Credit–Deposit (CD) ratio remained elevated at 81.4 per cent for the fortnigh…
New Delhi, March 26 (IANS) India’s credit growth has seen a sharp jump in FY26, rising 61 per cent, driven mainly by strong demand from retail borrowers and MSMEs, a new report showed on Thursday.Credit growth in India has accelerated significantly in FY26, with total credit flows rising to Rs 25.1 lakh crore, nearly matching deposit mobilisation of Rs 26.1 lakh crore, a report by Yes Bank said.The report noted that strong demand across retail, MSME and infrastructure sectors has been the key …
New Delhi, March 19 (IANS) Credit demand from micro, small, and medium enterprises (MSMEs) is expected to remain strong, driving India’s projected credit growth of around Rs 26 trillion in FY26, up around 14.3 per cent YoY, a report said on Thursday.Credit growth is projected to moderate 11.3-12 per cent or Rs 23.5 to Rs 25 trillion of incremental growth, in FY27, the joint report by ICRA Limited and ASSOCHAM said.The moderation is viewed as a normalisation following a high base in the previou…
New Delhi, March 13 (IANS) India’s GDP is expected to grow 7.5 per cent in the fiscal year ending March 2026 higher than 7.4 per cent forecasted earlier, due to resilient domestic demand even as activity showed tentative slowing in January and February, a report said on Friday.Credit rating agency Fitch Ratings said domestic demand will drive the growth, with consumer spending and investment expected to expand by 8.6 per cent and 6.9 per cent, respectively, in FY26.High frequency indicators in…
New Delhi, March 13 (IANS) The corporate earnings in India have shown strong momentum, with profits of companies in the Nifty 500 index rising 16 per cent year-on-year (YoY) in the third quarter of FY26 — an eight-quarter high and one of the strongest reporting seasons in recent years, a report said on Friday.The latest reporting season reflects a broad-based recovery in profitability, which provides a more supportive foundation for equity markets going forward, according to Bajaj Finserv AMC r…