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The BSE Sensex surged 175 points, while the Nifty was up by 63 points Indian equity benchmarks extended gaining streak for fourth straight week and eke out marginal gain during [...]

The BSE Mid cap index fell 0.06%, while Small cap index was up by 0.39% Indian equity benchmarks stayed on the back foot for the second straight session on Monday [...]

Byline: DNA Web Team Loans from the private sector bank HDFC Bank are now more expensive as a result of the bank's higher MCLR. HDFC Bank: Customers who borrow money [...]

In the year-ago period, bank credit grew at 8.4 percent The Reserve Bank of India (RBI)'s latest data showed that banks' credit growth slowed down to 16.8 percent in the [...]

It stated the growth in loans to the services sector accelerated to 10.8 per cent in December 2021 from eight per cent a year ago The Reserve Bank of India [...]

The report expects the corporate segment to be far more resilient Rating agency Crisil in its latest report has said that gross non-performing assets (NPAs) of Indian banks may rise [...]

Byline: DNA Web Team Equity benchmarks inched lower on Monday as heavyweight banking stocks fell after a central bank report forecast that bad loans could soar due to a rise [...]

On a year-on-year basis, non-food bank credit growth decelerated to 5.8 per cent in September 2020 from 8.1 per cent in the same month of the previous year The Reserve [...]

Credit growth to agriculture and allied activities rose 2.4 per cent in June, compared with a higher growth of 8.7 per cent in the corresponding month of 2019 Reserve Bank [...]

It had earlier expected bank credit to grow 8-9 percent in FY21 before the Covid-19 crisis Domestic rating agency Crisil in its latest report has said that the Coronavirus disease [...]

In the fortnight ended May 24, 2019, deposits were at Rs 124.99 lakh crore and advances stood at Rs 96.21 lakh crore Reserve Bank of India (RBI) in its latest [...]

Advances to the services sector decelerated sharply to 8.9 percent in January 2020 from 23.9 percent in January 2019 Reserve Bank of India (RBI) in its latest data has showed [...]

Byline: Keyur Dhandeo Loans grew marginally at 6.79%; experts say indication of farm distress The bad loans of farmers in the state rose by 48 per cent to Rs 6,326 [...]

Byline: DNA Money Correspondent Mumbai: Bank credit and deposits continued to grow in double digits as they rose 12.02% and 10.32% to Rs 96.975 lakh crore and Rs 126.746 lakh [...]

Byline: Manju AB Personal loan growth almost halves this year; only home loans show rise Mumbai: Consumer demand in India is slowing down, shows the slackening pace of growth in [...]

In the similar fortnight last year, deposits were at Rs 120.33 lakh crore and advances stood at Rs 93.37 lakh crore Reserve Bank of India (RBI) in its latest data [...]

In the previous fortnight to June 21, credit had increased by 12 percent to Rs 96.485 trillion and deposits grew by 10.02 percent to Rs 124.905 trillion The Reserve Bank [...]

Advances to agriculture and allied activities increased by 7.5% in February compared to an increase of 9% in February 2018 The Reserve Bank of India (RBI) in its latest report [...]

The decline was mainly driven by the poor show by agriculture and allied activities and the personal loans during the weekThe Reserve Bank of India (RBI) in its latest report [...]

Byline: DNA Money Correspondent Mumbai: Your home loans, car loans and even loans to companies will have higher interest rates effective June 1, 2018, after a bunch of banks led [...]

BEIJING, March 26 -- FICO issued the following news release: - Global non-bank lender wins FICOë Decisions Award for Financial Inclusion using FICOë Score Highlights: * Home Credit has cut [...]

Private sector housing finance lender Housing Development Finance Corporation (HDFC), reported better results in a tough year with HDFC reporting a 39-per cent jump in Q4 profits and Kotak Mahindra [...]

The advances had stood at Rs 76,01,970 crore in the same fortnight ended April 14, 2017 Credit growth of banks grew by 11.52 percent year-on-year to Rs 84,78,459 crore in [...]

Bank credit growth had plunged to a multi-decadal low of 5.08% with outstanding loans at Rs 7,881 crore Credit growth of banks dropped to 4.32% in the fortnight to April [...]

Byline: Manju AB Mumbai: Rejoice! Your monthly equated monthly installments (EMIs) on home and car loans are expected to fall or the tenures of loans will come down, with banks [...]

The bank recorded a loan growth of 5.8 per cent during the fiscal ended March 2015 as it carried a re-balancing exercises during the year Corporation Bank is currently trading [...]

The bank recorded a loan growth of 5.8 per cent during the fiscal ended March 2015 as it carried a re-balancing exercises during the year Corporation Bank is expecting its [...]

Bank credit grew at a slower pace of 10.19 per cent during the fortnight ended 6 March 2015 while deposits continued to grow at a faster pace of 11.62 per [...]

Byline: Parnika Sokhi The interest rate cycle is headed down, technically speaking. But don't expect banks to start cutting loan rates any time soon. That's because lower deposit accretion has [...]

Byline: Vishwanath Nair & Neelasri Barman Credit growth at banks has been continuously declining in the last seven months. Data released by the Reserve Bank of India on Friday showed [...]

Byline: Vishwanath Nair & Shailaja Sharma Growth in loans to buy consumer durables plummeted to single-digit in July as repeated interest rate hikes and inflationary pressures turned away buyers of [...]

Byline: Neelasri Barman Expecting banks to do well because credit growth is rebounded and has been galloping ahead in the last couple of fortnights? The refrain on the Street is [...]

The bank has decided to provide Home loan of any amount at its base rate Oriental Bank of Commerce (OBC), the state-owned bank, has reduced home loan rate by 0.5 [...]

The bank offers a 10.20 percent rate of interest on home loans and a full waiver on processing charges UCO bank, a public sector lender, has organized 'UCO home loan [...]

Byline: Parnika Sokhi At a pre-monetary policy meeting on Monday, bankers have told the Reserve Bank of India (RBI) that credit growth has not been along expected lines and the [...]

Byline: Vijay Pandya Whenever the Reserve Bank of India announces a hike in the repo and reverse repo rate, a section of home owners and seekers begins to display religious [...]

Byline: DNA Correspondent Minister of state for finance Saurabh Patel has demanded that people in Gujarat be allowed to get bank loans 100% up to their deposits. He made the [...]

Byline: Neelasri Barman Banks received a boost in their credit growth for the first quarter of 2010-11 itself, driven by 3G spectrum auction payments. The growth in lending recorded by [...]

Byline: Neelasri Barman Growth in net interest income (NII) is improving across the banking sector, riding on a pick-up in credit growth. Year-on-year NII growth in the quarter ended March [...]

Byline: Neelasri Barman & Parnika Sokhi The first stage of hike in lending rates has begun, with banks starting to raise interest rates on short-term loans for corporates. They generally [...]

Shares of PSU banks slumped after the Reserve Bank of India (RBI), extending its battle against inflation, in Second Quarter Review of Monetary Policy 2012-13, too left the key policy [...]

The State Bank of India (SBI), hoping to cash in on the festival season, has slashed its processing fee on home and auto loans by 50 per cent for loans [...]

Indian Bank has slashed interest rates payable on home and car loans by up to 0.5% in a bid to increase credit disbursement in these segments. In the housing loan [...]

State Bank of India (SBI), the country's largest lender has been able to almost double its car loan disbursals for the month of August following an interest rate cut. The [...]

New Delhi, June 28 -- New auto finance company loans originated between January-March 2012 totaled $52.5 billion, which is 49% higher than the recession low in March 2009 ($26.9 billion) [...]

Indian benchmark equity indices continue to trade on a quiet note with a positive bias in Tuesday afternoon trades as cautiousness prevailed ahead of the October series futures and options [...]

Banks witnessed moderation in credit growth, in the first five months of the current financial year. This decline in loan growth is because of slowdown in the certain sectors of [...]

Vijaya Bank, a Bangalore-based mid-sized public sector bank has cut its credit growth forecast for the current financial year. The bank has revised the growth downwards to 20 percent compared [...]

New Delhi, July 28 -- J.D. Power and Associates issued the following news release: Dealer satisfaction with automotive financing lenders has increased notably in 2011, with improvement by certain banks [...]