According to Crisil, the impact of stagnant corporate loan growth and fall in unsecured loan growth rates will slowdown overall bank credit growth ra
Borrowing for running household needs was reduced to 4% in 2021 from 85% last year
The programme was aimed at improving access to funds during the festive season
Referring to the crucial role of women-led self-help groups (SHGs) in Tamil Nadu, he stated the DMK's rule was the "golden age" for SHG formation.
In the last financial year there were 2,233 cr UPI transactions worth Rs 41 lakh cr. The democratisation of credit will be the next big thing.
The ratings agency has kept its FY22 credit growth estimates unchanged at 8.9% for FY22, supported by a pick-up in economic activity post 1QFY22
BNPL provides instant credit without any hassle and repayment is to be made after a specified period of time
Here's how the new-age fintech startup is ensuring credit availability for the underserved sections amid the pandemic
Credit to the household sector rose by 10.9% (y-o-y) and its share in total credit increased to 52.6% in March 2021 from 49.8% the year-ago period