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Banks Expect Loan Demand Surge Due To GST Rate Cut, Boost In Consumption
The New Indian Express Nagapattinam
|September 06, 2025
WITH credit growth remaining anemic so far this fiscal, printing in at 9.5%, down from 15% in the year-ago period, banks are now hoping to ride on the likely consumption boom being spawned by the GST cuts announced this Wednesday.
It is not only corporate credit that has been slowed down, at 5.5%, down from 7.7% a year ago; consumption loans have also tapered off and printed in at only 14.5% year-on-year to ₹105.6 lakh crore in Q1FY26. This is led primarily by gold loans, which surged 34.6%, followed by two-wheeler and auto loans, while home loans have slowed to under 10% and its agri and small business loans that are holding up.
यह कहानी The New Indian Express Nagapattinam के September 06, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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The New Indian Express Nagapattinam से और कहानियाँ
The New Indian Express Nagapattinam
Solar fencing to stop wild elephants from entering villages in J’khand
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1 mins
December 02, 2025
The New Indian Express Nagapattinam
Govt not averse to taking up SIR discussion: Rijiju
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1 min
December 02, 2025
The New Indian Express Nagapattinam
PM takes a dig at Oppn, says House is not for 'drama' ...
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1 min
December 02, 2025
The New Indian Express Nagapattinam
Not just stress, peer pressure can lead to emotional eating
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2 mins
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The New Indian Express Nagapattinam
After death, ‘drugs sold here’ protests erupt
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1 mins
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The New Indian Express Nagapattinam
STATE-OWNED APP MANDATED ON YOUR PHONE
GOING AFTER CYBER CRIME
1 mins
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The New Indian Express Nagapattinam
Russian missile hit on Ukraine's Dnipro kills four
A Russian missile attack killed four people and wounded nearly two dozen others on Monday in the central Ukrainian city of Dnipro, the governor of the region said.
1 min
December 02, 2025
The New Indian Express Nagapattinam
ED stirs Pinarayi's masala bond curry further
THE Enforcement Directorate has served a show cause notice to Kerala Chief Minister Pinarayi Vjayan, former finance minister T M Thomas Isaac, and the CM's chief principal secretary K M Abraham over alleged infractions in the issue of masala bonds in 2019 by the Kerala Infrastructure Investment Fund Board (KIIFB).
1 min
December 02, 2025
The New Indian Express Nagapattinam
Thiruparankundram: HC allows lighting of lamp on Deepathoon near dargah
OBSERVING that it is Tamil tradition to light Karthigai Deepam on hilltop and the very purpose of a Deepathoon is to light lamp, the Madurai Bench of the Madras High Court on Monday allowed four petitions that sought direction to light the lamp on an ancient stone pillar atop Thiruparankundram hill in Madurai.
1 min
December 02, 2025
The New Indian Express Nagapattinam
One more held for woman's murder at ladies hostel in Kovai
THE city police arrested one more suspect in the murder of a 28-year-old woman by her husband at a ladies' hostel in Coimbatore on Sunday. He was identified as Raja (40) of Ganapathy.
1 min
December 02, 2025
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