Banks’ loan growth drops for fifth month in November as tighter lending rules weigh

January 1, 2025 admin

Banks’ loan growth moderated for a fifth straight month in November, central bank data showed, as lenders continued to rein in unsecured and personal loans after the Reserve Bank of India’s crackdown on “exuberant” lending. Banks’ credit increased by 11.8% year-on-year last month, slower than the 16.5% rise in November 2023, excluding the impact of…

Nation

Data | Bad loans at a record low, but write-offs still in the mix

July 15, 2023 admin

Between 2016 and 2019, the NPA ratio remained high. It began to decline later and continued to do so even during the pandemic. Just four years ago, Indian banks’ non-performing assets (NPA) ratio was the worst among most emerging economies. NPAs are bad loans which the borrower is not in a position to repay at…

Business