PSBs share in incremental credit dips to 51% in September: Report

Quick Summary:

PSBs' credit growth on a year-on-year (Y-o-Y) basis stood at 12.9 per cent in September, lagging behind 16.

However, PSBs scaled down that lending after regulatory caution and an increase in risk weights for exposure to non-banking finance companies (NBFCs) in November 2023.

Anil Gupta, co-group head - financial sector ratings, ICRA, said the state-owned banks have been giving out substantial amounts to finance and housing finance companies.

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Article Details

Category: BusinessFinance

Markets: India

Topics: MPC Public sector bank PSBs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 18:52:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22979764

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