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…
Latest Retail Lending News & Updates
New Delhi, April 19 (IANS) India’s banking sector remained resilient, supported by improved asset quality, strengthening capital buffers, robust retail and SME credit momentum, and early signs of revival in private capital expenditure, a survey showed on Sunday.The survey from FICCI and Indian Bank Association (IBA) said the banking sector maintains a broadly constructive outlook on credit growth over the near term, supported by improving balance sheets, steady economic activity, and sustained…