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Banks Expect Loan Demand Surge Due To GST Rate Cut, Boost In Consumption

The New Indian Express Tirupati

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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.

- BENN KOCHUVEEDAN @ Mumbai

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.

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The New Indian Express Tirupati

The New Indian Express Tirupati

I'll quit politics if I fail: Dy CM Pawan

ANDHRA Pradesh Deputy Chief Minister and Pithapuram MLA, Pawan Kalyan, asserted an unwavering commitment to environmental protection, declaring that he would quit politics if he failed to deliver justice to the fishermen of Uppada, who have steadfastly supported him.

time to read

1 min

October 10, 2025

The New Indian Express Tirupati

A HIMALAYAN LEAP BEYOND 3 Ts

NDUSTRIALIST Harsh Goenka posted on social media that, as a patriot, he was utterly confused.

time to read

3 mins

October 10, 2025

The New Indian Express Tirupati

SC directs legal help to the 3.66 lakh SIR exclusions

THE Supreme Court on Thursday asked the Bihar State Legal Service Authority (BSLSA) to issue directions to its district-level bodies for assisting 3.66 lakh voters excluded from the final electoral rolls in filing appeals with the Election Commission.

time to read

1 min

October 10, 2025

The New Indian Express Tirupati

With $105 bn, Ambani remains No. 1 in Forbes rich list, Gautam Adani at No. 2

MUKESH AMBANI, chairman and MD of oil-to-telecom behemoth Reliance Industries, has retained the top position in the Forbes India's 100 people richest list for 2025.

time to read

1 min

October 10, 2025

The New Indian Express Tirupati

The New Indian Express Tirupati

NTA may allot exam centres based on Aadhaar to curb malpractices

FROM the coming academic year, candidates aspiring to take up the competitive exams conducted by the National Testing Agency are likely to be allotted centres based on the Address in their Aadhaar card.

time to read

1 mins

October 10, 2025

The New Indian Express Tirupati

Get ready for DSC 2026: Notification in January, exam in March, says Lokesh

AS per the assurance given to conduct District Selection Committee (DSC) every year for the recruitment of teachers, the State government will make arrangements to conduct the Teacher Eligibility Test (TET) in November 2025 and will issue a notification for the DSC in January 2026.

time to read

1 min

October 10, 2025

The New Indian Express Tirupati

LG IPO breaks record, booked 54 times; gets bids worth ₹4.43 lakh cr

LG Electronics India has recorded one of the highest subscriptions ever for a large Indian IPO (₹10,000 crore and above), with its initial share sale oversubscribed 54 times.

time to read

1 mins

October 10, 2025

The New Indian Express Tirupati

RCPL relaunches Velvette brand in Chennai

RELIANCE Consumer Products Limited (RCPL), FMCG arm of Reliance Industries Limited, on Thursday launched Tamil Nadu's iconic personal-care brand Velvette, in collaboration with the CK Rajkumar family.

time to read

1 min

October 10, 2025

The New Indian Express Tirupati

MP points finger at TN over syrup factory licence renewal

COUGH SYRUP DEATHS

time to read

1 mins

October 10, 2025

The New Indian Express Tirupati

The New Indian Express Tirupati

Pushed out by tigers, leopards stray into human dwellings in U’khand

A growing tiger population in Uttarakhand is creating tension in the forests, not just among humans but also among wildlife.

time to read

1 mins

October 10, 2025

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