Bank credit growth

RBI curbs show effect; personal loan growth moderates in Q3

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RBI curbs show effect; personal loan growth moderates in Q3

Kolkata: Personal loan growth moderated in the quarter to December following regulatory cautioning over possible overheating. The annual growth print for the personal loan segment was recorded at 13.7% at the end of December 2024 from 15.2% at the end of September, Reserve Bank of India’s quarterly data showed. Total bank credit growth also decelerated … Read more

Credit demand fails to pick up despite aggressive rate cuts

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Credit demand fails to pick up despite aggressive rate cuts

MUMBAI: The year 2020 witnessed bank credit growth remaining 200 basis points lower than a year earlier despite record low interest rates. The average 5.7 percent in the last two fortnights up to Dec. 6 shows compared with 7.9 percent in the last year ame period. Even this slow growth was more due to the … Read more