This is in sharp contrast to the past few years, which were challenging for banks owing to high loan delinquencies. But now, with most of the legacy stress in the corporate loan book recognised, banks have stronger, cleaner balance sheets, allowing them to shift focus back to credit expansion.
Disbursements by banks are likely to outpace those by non-banking financial companies (NBFCs), at 13-15 per cent on-year this fiscal year, vis-à-vis 10-13 per cent in the case of NBFCs.
A large part of this growth will be spurred by the retail segment. In fact, bank credit to the retail segment, which was up 11.5 per cent onyear as of October 2022, is projected to accelerate, rising 17-18 per cent on-year in the current fiscal year, primarily owing to rising demand for home loans.
Esta historia es de la edición December 29, 2022 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 29, 2022 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Spices under scanner: Govt panel gives report
The govt is launching an initiative to ensure India's exports meet importing countries' tolerance limits
AstraZeneca vaccine: The controversy continues
The controversial AstraZeneca Covid-19 vaccine, which was banned by several countries across the globe after multiple cases of blood clots were reported in patients who were administered the jab, is back in the spotlight.
BRIDGING THE GAP
Why the surge of hybrid cars is being seen as an essential transition phase to electric
M&M, TaMo, Maruti: Auto stocks to stay in fast lane
The uptrend in auto sector to continue in the near term, believe analysts
Parcel fraud: Suspect a scam call? Disengage immediately
Verify the call's authenticity; resist pressure to pay up or share sensitive information
High growth and margin expectations to drive Trent
THE COMPASS DEVANGSHU DATTA Zudio could lead to further upgrades.
FOPs ready to roll out bit-sized Reits
Many real estate ownership platforms to file with markets regulator under recently notified norms
Why are RBI, other banks on a gold-buying spree?
The Reserve Bank of India (RBI), like most other global central banks, is on a gold buying spree.
Mkts slide after fresh record highs
The National Stock Exchange (NSE) benchmark Nifty rose for the second day underpinned by gains in index heavyweights to hit fresh record highs on an intraday basis but came off from the day's highs to end the trading session with losses.
ChrysCapital closes its $700 mn continuation fund
ChrysCapital on Tuesday closed its $700 million continuation fund, which will allow the private equity firm to hang onto its stake in the National Stock Exchange (NSE), which it first bought in 2016.