{"id":6282,"date":"2017-12-10T13:40:14","date_gmt":"2017-12-10T13:40:14","guid":{"rendered":"https:\/\/sunkrish.com\/?p=6282"},"modified":"2017-12-10T13:42:20","modified_gmt":"2017-12-10T13:42:20","slug":"credit-growth-gathering-steam-rbi","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2017\/12\/10\/credit-growth-gathering-steam-rbi\/","title":{"rendered":"Credit growth gathering steam: RBI"},"content":{"rendered":"<figure id=\"attachment_3180\" class=\"thumbnail wp-caption alignleft\" style=\"width: 296px\"><a href=\"https:\/\/sunkrish.com\/wp-content\/uploads\/RBI.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3180\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/RBI.jpg\" alt=\"\" width=\"296\" height=\"170\" \/><\/a><figcaption class=\"caption wp-caption-text\"><em><span style=\"color: #808080;\"><strong>Year-on-year disbursements up 10% as of November 24<\/strong><\/span><\/em><\/figcaption><\/figure>\n<p class=\"body\">Credit offtake from banks is gradually gathering steam, going by Reserve Bank of India data. This is underscored by the fact that year-on-year credit growth nudged closer to 10 per cent as on November 24, 2017.<\/p>\n<p class=\"body\">Given the overhang of bad loans, especially in the case of public sector banks, market experts are of the view that these banks had turned risk-averse and reined in lending. However, banks seem to be slowly shrugging off their risk aversion.<\/p>\n<p class=\"body\">In its fifth bi-monthly monetary policy statement, the Reserve Bank of India said: \u201cOn the positive side, there has been some pick-up in credit growth in recent months. Recapitalisation of public sector banks may help improve credit flows further.\u201d After plunging to a multi-decade low of 4.1 per cent in May 2017, non-food bank credit has witnessed a rising trajectory every month since June, although it has been lower vis-a-vis the year-ago period.<\/p>\n<p class=\"body\">In June, non-food bank credit growth rose to 4.8 per cent and increased in the following months \u2014 July (5.3 per cent); August (5.5 per cent); September (6.1 per cent); October (6.6 per cent). In the fortnight ended November 24, 2017, the banking system\u2019s deposits declined by \u20b941,164 crore while credit nudged up by \u20b93,524 crore.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: <a href=\"http:\/\/www.thehindubusinessline.com\/money-and-banking\/credit-growth-gathering-steam-rbi\/article9987384.ece\" target=\"_blank\" rel=\"noopener\">The Hindu Business Online<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit offtake from banks is gradually gathering steam, going by Reserve Bank of India data. This is underscored by the fact that year-on-year credit growth nudged closer to 10 per cent as on November 24, 2017. Given the overhang of &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2017\/12\/10\/credit-growth-gathering-steam-rbi\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,493],"tags":[310,314,305,367],"class_list":["post-6282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","tag-bank","tag-debt","tag-economy","tag-reserve-bank-of-india-rbi"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/6282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=6282"}],"version-history":[{"count":4,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/6282\/revisions"}],"predecessor-version":[{"id":6286,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/6282\/revisions\/6286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3180"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=6282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=6282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=6282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}