New Delhi, March 30 (IANS) Digital non‑banking finance companies’ personal loan portfolios are expected to exceed Rs. 3.6 lakh crore by FY30, implying a compound annual growth rate of 26–28 per cent during FY25–FY30, a report said on Monday.The report from ratings agency CareEdge Ratings said that the strong growth is driven by increasing digital penetration, expanding borrower segments and a supportive regulatory framework.Outstanding personal loans of digital NBFCs more than doubled to…
Latest H1FY26 News & Updates
New Delhi, Jan 12 (IANS) Deposits and advances in Indian banks almost tripled from FY15 to FY25, signalling deepening of the banking system and renewed credit intermediation, a report said on Monday.The report from SBI Research said that deposits rose from Rs 85.3 lakh crore to Rs 241.5 lakh crore and advances climbed from Rs 67.4 lakh crore to Rs 191.2 lakh crore during FY15–FY25.The bank asset growth rebounded from 77 per cent of GDP to 94 per cent by FY25, reflecting renewed financial deepe…