“So, our own estimate is 6.8% for GDP growth and we have seen in the last two-three quarters a big variance actually between GDP growth and GVA growth. One is sort of from the demand side, the other is from the supply side. And we do think the GVA growth is going to continue to … Read more
On a sequential basis, HDFC Bank, ICICI Bank, and Axis Bank reported a faster growth in deposits for the March quarter compared with the credit growth while IndusInd Bank and Yes Bank showed marginally lower growth in deposits than advances. Synopsis While these lenders were able to increase deposits at a faster clip during the … Read more
Mumbai: Indian lenders, led by HDFC Bank, continued to report strong credit growth in the March quarter on the back of robust pick-up in retail and corporate loans. HDFC Bank Monday said its March-quarter advances climbed 17%, taking its total loan book to ₹16 lakh crore. The lender had a loan book of ₹13.66 lakh … Read more
“The way I see it is that growth has been steady. Some segments you are beginning to see some small slowdown in the home loan segment and this is more geographical than as a secular trend,” says Shanti Ekambaram, Kotak Mahindra Bank.We have seen that in the banking space as well there has been a … Read more
The breakout of Covid 2.0 significantly disrupted India’s business activity in the initial months of FY22, especially during April-May’21. However, with gradual unlocking of the economy from July 2021 onwards, most lenders have witnessed an encouraging improvement in their collections, indicating faster economic recovery to normalization. Despite positive macro signals, loan growth has not picked … Read more
Credit growth to the industrial sector remained in the negative territory during 2020-21, mainly due to the COVID-19 pandemic and resultant lockdowns, RBI data showed on Tuesday. However, “personal loans continued to grow at robust pace and recorded 13.5 per cent growth (Y-oY) in March 2021; industrial loan growth, on the other hand, remained negative … Read more