Key Points
Credit growth moderated in October as lending to all major sectors including retail, industry and loans to services slowed down as also due to the merger impact of HDFC with HDFC Bank...
On a year-on-year (y-o-y) basis, non-food bank credit rose 15.3 per cent in October 2023 compared with 18.3 per cent a year ago according to the latest data on sectoral deployment of bank credit was released by the Reserve Bank of India largely due to the merger impact of HDFc with HDFC Bank..
Excluding the merger impact, credit offtake is higher 19.8 percent in October this year...
Retail loans decelerated to 18.0 per cent (y-o-y) in October 2023 against to 20.5 per cent a year ago due to moderation in credit growth to housing..
Among major industries, credit growth (y-o-y) to basic metal & metal products, food processing and textiles accelerated in October 2023 as compared with the corresponding month of the previous year, while that to all engineering, chemicals and chemical products and infrastructure decelerated...
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Loans to home, vehicle and large firms drive credit growth
28, Feb, 23The data on sectoral development of bank credit in January 2023 showed that the personal loan outstanding on January 27, 2023, was Rs 39.59 lakh crore as against 32.87 lakh crore in a year ago.
What will be the focus area of HDFC Bank merged entity? Keki Mistry answers
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Housing, auto drive personal loan growth in January, says RBI data
28, Feb, 23Growth in personal loans accelerated to 204 per cent annually in January 2023 largely driven by housing and vehicle loans according to data released by the Reserve Bank on Tuesday
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HDFC Bank market value jumps to $157 billion as shares rise post HDFC-merger
03, Jul, 23HDFC Bank's shares surged as much as 3.3 per cent in early trade to reach an all-time high of Rs 1,757.50, while HDFC's shares rose by 3.7 per cent to Rs 2,927.40.
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29, Sep, 23The Reserve Bank data also showed that credit to industry registered a growth of 6.1 per cent (year-on-year) in August 2023 compared to 11.4 per cent a year ago. Among major industries, credit growth (y-o-y) to basic metal and metal products and textiles accelerated in August 2023. However, the credit growth in chemicals and chemical products, food processing and infrastructure decelerated.
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Bank loans to NBFCs moderate in November
30, Dec, 23The Reserve Bank of India reported a 21.9 per cent YoY growth in credit to the services sector in November 2023, compared to 21.3% a year ago. This growth was despite a slowdown in lending to non-banking financial companies (NBFCs), which made up a significant portion of the services loan portfolio. The Reserve Bank increased the risk weights on bank lending to NBFCs and their unsecured lending. Overall, non-food bank credit rose 16.3% YoY in November 2023.