credit demand

NBFCs open their wallets as demand for credit surges

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NBFCs open their wallets as demand for credit surges

Demand for loans to purchase trucks and construction equipment is gathering steam and back to the pre-Covid levels on rising infrastructure spending by governments and capital expenditure by private companies. The demand for retail credit too is back on track, shrugging off the economic cost of the pandemic. Non-Banking Finance Companies (NBFCs) such as , … Read more

Credit demand to pick up post vaccination roll-out : RBI

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Credit demand to pick up post vaccination roll-out : RBI

Credit demand is set to accelerate with the rollout of vaccination and the government’s investment thrust, the RBI said in a report. The collapse in loans demand is more due to Covid related issues like lockdown and that would get rectified as unlock trade progresses. “Credit offtake is expected to pick up as the economy … Read more