After a lull, NBFCs banking on better times

Disbursements are expected to gain momentum in the run-up to the festival season and pent-up demand for credit

from Business Line - Money & Banking https://ift.tt/37MepJm

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PMJDY turns 7; brings 43 crore under formal banking system

Data base can be used to build new credit delivery models, say experts

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Bankers hopeful of a revival in corporate loan growth as economy opens up

Both analysts and bankers believe credit demand will now pick up as companies invest for the next cycle of growth. In a report published earlier this month, Japanese investment bank Nomura said growing optimism and abundant liquidity should boost loan demand.

from Banking/Finance-Industry-Economic Times https://ift.tt/3sgWm7A

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Bank of Maharashtra tops PSU lenders chart in terms of loan, saving deposit growth in Q1

The Pune-headquartered lender recorded 14.46 per cent increase in gross advances at Rs 1,10,592 lakh crore in April-June period of 2021-22, as per the published data of BoM.

from Banking/Finance-Industry-Economic Times https://ift.tt/3yTz0aI

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Finance Minister Nirmala Sitharaman to meet CEOs of public sector banks on August 25

Given the importance of the banking sector in generating demand and boosting consumption, sources said the meeting with the MD and CEOs of PSBs is considered important.

from Banking/Finance-Industry-Economic Times https://ift.tt/3jVc6tf

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