Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Commercial lending up 11 pc in Sept qtr, delinquencies decline to 2-year low: Report.


Date: 29-02-2024
Subject: Commercial lending up 11 pc in Sept qtr, delinquencies decline to 2-year low: Report
Mumbai, The overall commercial credit portfolio grew 11 per cent in the September quarter to Rs 28.2 lakh crore, a credit information company said on Wednesday. The delinquency rate at the end of September quarter dropped to the lowest in the last two years, as per the quarterly report by Sidbi and Transunion Cibil.

It attributed the increased economic activity for the higher pick-up for loans by the commercial sector, and added that the demand for commercial loans grew 29 per cent during the quarter over the same period last year, which indicates improved lender confidence.


Sidbi's Chairman and Managing Director Sivasubramanian Ramann said the lending growth happened despite the conclusion of the Emergency Credit Line Guarantee Scheme (ECLGS) scheme, which indicates the underlying growth momentum of the sector.


Cibil's Managing Director and Chief Executive Rajesh Kumar said lenders can look at expanding their exposures to the micro, small and medium enterprises now on the back of promising economic growth prospects reflected through strong demand, stable portfolio growth and improved credit performance.

The overall balance-level delinquencies, measured as 90 days-past-due to 720 days-past-due and those reported as 'sub-standard', have improved to 2.3 per cent as of end-September from 3 per cent in the year-ago period, the report said.


The medium enterprises segment, where the exposures are in the range of Rs 10-50 crore, saw a degrowth in both value and volume terms, while both micro and small enterprises reported an uptick.


The manufacturing sector accounts for 37 per cent of the value originated and has the largest share, followed by the trade sector at 28 per cent share, the report said, adding that the professional services and other sectors together account for the remaining 35 per cent share.

Source Name : Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 08-10-2024
NOTIFICATION No. 06/2024-Integrated Tax (Rate)
Seeks to amend Notification No. 4/2017- Integrated Tax (Rate) dated 28.06.2017.

Date: 08-10-2024
Notification No. 05/2024- Union Territory Tax (Rate)
Seeks to amend Notification No. 1/2017- Union Territory Tax (Rate) dated 28.06.2017.

Date: 08-10-2024
Notification No. 05/2024-Central Tax (Rate)
Seeks to amend Notification No. 1/2017- Central Tax (Rate) dated 28.06.2017.

Date: 08-10-2024
NOTIFICATION No. 06/2024-Central Tax (Rate)
Seeks to amend Notification No. 4/2017- Central Tax (Rate) dated 28.06.2017..

Date: 08-10-2024
Notification No. 05/2024- Integrated Tax (Rate)
Seeks to amend Notification No. 1/2017- Integrated Tax (Rate) dated 28.06.2017.

Date: 08-10-2024
NOTIFICATION No. 06/2024-Union Territory Tax (Rate)
Seeks to amend Notification No. 4/2017- Union Territory Tax (Rate) dated 28.06.2017.

Date: 07-10-2024
[Notification No. 65/ 2024-Customs (N.T.)]
Appointment of Common Adjudicating Authority i.r.o M/s. Penta Gold Limited.

Date: 01-10-2024
Notification No. 18/2024 – Central Tax
Seeks to notify Principal Bench of GST Appellate Tribunal to hear cases of anti-profiteering

Date: 01-10-2024
Notification No. 19/2024 – Central Tax
Notification under Section 171 of CGST Act to provide for the sunset date.

Date: 30-09-2024
Notification No. 64/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg



Exim Guru Copyright © 1999-2024 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001