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Banks' credit growth is projected to slightly slow to 13% in FY27, with a potential 0.20% rise in bad loans to 2.5% by March 2027, according to Crisil. MSME loans exposed to West Asia, along with micro-loans and unsecured advances, are key concerns. Other factors include Bihar's microfinance bill and Maharashtra's loan waiver impact. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9xwGbAC via IFTTT

Banks are now favouring borrowers with top credit scores. This shift reflects caution in lending. New customers are also getting fewer loans. Despite this, the overall credit market is improving. Asset quality is better. Gold loans are seeing a surge in volume and value. They now lead retail lending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/qOf8utZ via IFTTT

Utkarsh Small Finance Bank has offloaded bad loans worth Rs 1491 crore to asset reconstruction firms for Rs 195 crore. This move comes as the bank reported its worst gross non-performing assets ratio at 11% and a significant net loss in the third quarter. The sale involved two distinct pools of stressed microfinance loans. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CqrE7go via IFTTT

Lenders are prioritizing borrowers with strong credit histories and higher loan amounts, leading to a decline in new-to-credit customers. Despite this cautious approach, the overall credit market shows improved health, driven by better asset quality. Gold loans are experiencing significant growth, now dominating retail lending by volume and value. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ezZ4nBv via IFTTT

Central Bank of India has received a Rs 296.08 crore demand notice from the Income Tax Department for a tax shortfall in FY25. The bank is challenging the assessment order, believing it has strong grounds for relief and expects the entire demand to be subsided without impacting its financials or operations. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yhrdRxp via IFTTT

The Reserve Bank of India has capped loans for buying shares and other securities at ₹1 crore per borrower across the banking system, while loans for IPOs, follow-on offers and ESOPs are limited to ₹25 lakh per individual. The move aims to curb excessive speculative borrowing and reduce risks from leveraged positions during market swings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/h8xHywz via IFTTT

The microfinance market saw growth in February. The total loan book reached Rs 3.29 lakh crore. Loan disbursements increased. Portfolio quality improved. The bad loan ratio declined. Leaders now advocate for disciplined expansion. This follows past issues with over-lending. Overleveraged customers and loan servicing failures caused past crises. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T8FKQx3 via IFTTT