Industrial paper issuances by NBFCs hit a 4-year excessive

The Reserve Financial institution of India’s mandate to extend danger weights on financial institution loans given to higher-rated non-banking monetary corporations (NBFCs) is spurring quarterly industrial paper (CP) issuances. CP issuances by NBFCs hit a four-and-a-half-year excessive of ₹1.2-lakh crore in January-March 2024, a degree final seen in July-September 2019. Nonetheless, that is nonetheless decrease … Read more

Regardless of larger threat weights, banks’ bank card publicity up 31% y-o-y

Banks’ bank card publicity continued to develop at a quick tempo of over 30 per cent, regardless of the upper threat weights on unsecured loans launched by the Reserve Financial institution of India in November 2023. Bank card excellent for banks grew by 31.3 per cent in January 2024, reaching ₹2.6 lakh crore, which can be … Read more