India’s economy seen growing 9.2 pc in FY22 on upbeat rural sector, uptick in credit demand: BoB

India’s economy seen growing 9.2 pc in FY22 on upbeat rural sector, uptick in credit demand: BoB

India’s economy is expected to have grown at 9.2 per cent in the fiscal ended March 2022, after having contracted by 7.3 per cent in the previous financial year, aided by resilience in the rural economy, uptick in bank credit and rising GST collections, a note by Bank of Baroda said. As per government’s advance … Read more

MSME credit guarantee scheme: Banks disbursement crosses Rs 1 lakh crore-mark

MSME credit guarantee scheme: Banks disbursement crosses Rs 1 lakh crore-mark

At the same time, sanctioned amount too have surged past Rs 1.50 lakh crore at the end of August 18 under the 100 per cent ECLGS for micro, small and medium enterprises. The finance ministry on Thursday said banks have disbursed more than Rs 1 lakh crore under the Rs 3-lakh crore Emergency Credit Line … Read more