Bank credit growth slows to 11.1% despite a mega merger

 04 Dec 2024 01:49 PM

Indian bank lending slowed to 11.1% this year. Last year it was 20.6%. Deposit growth also fell to 11.2% from 13.6%. Banks added fewer loans and deposits compared to the previous year. Slower credit growth may impact India's GDP. Banks are selling government bonds to manage liquidity. Retail and NBFC loan growth has also declined.

INDIAN BANK: ONE-YR MCLR CHANGED TO 9.05% FROM 9% EARLIER EFFECTIVE DEC 3

 29 Nov 2024 08:55 PM

INDIAN BANK: ONE-YR MCLR CHANGED TO 9.05% FROM 9% EARLIER EFFECTIVE DEC 3

SOUTH INDIAN BANK: CO APPROVED FOR EXERCISING CALL OPTION OF TIER I BONDS; TOTAL ISSUE SIZE 5B RUPEES || CO SAYS EXERCISING CALL OPTION OF NON-CONVERTIBLE, BASEL III COMPLIANT, TIER I BONDS

 29 Nov 2024 07:50 PM

SOUTH INDIAN BANK: CO APPROVED FOR EXERCISING CALL OPTION OF TIER I BONDS; TOTAL ISSUE SIZE 5B RUPEES || CO SAYS EXERCISING CALL OPTION OF NON-CONVERTIBLE, BASEL III COMPLIANT, TIER I BONDS