CSB Bank soars over 8% on strong credit growth for December quarter

<ul><li>In the December quarter, gross advances grew by 25.74 percent compared to the same period in the previous year, while total deposits increased by almost 19 percent.</li></ul>

Indian banks' credit to services sector jumps 21.3% in November: RBI

<ul><li>The jump was led by a 33% rise in the credit given to non-banking finance companies, including housing finance companies and public finance institutions, the data showed.</li></ul>

Banks likely to remain on profitable path in New Year too with robust credit growth

Robust credit demand and high interest rate regime due to tight monetary conditions globally are also expected to help the profitability of the banks.

NBFCs' liquidity situation comfortable; bank credit shows strong trend: Report

Bank credit to NBFCs is showing a strong trend and the NBFC liquidity environment continues to remain comfortable. As of October, bank lending to NBFCs is up 16 percent year to date or YTD (up 7 percent MoM), said the report.

Bank credit to grow strongly in FY23 despite higher interest rate: Fitch Ratings

The rating agency expects system deposits to grow 11 percent in the current and next fiscal years, slower than loan growth.

Government is unlikely to infuse capital into state-run banks this fiscal: Report

The credit growth in the banking system remains strong. Bank credit growth accelerated to 16.28 per cent for the fortnight that ended September 23, according to RBI data. The overall non-food credit stood at ₹130.06 lakh crore as on September 23.

Results preview: Acceleration in credit growth will boost banks margins in Q2; deposit growth would be a key

The brokerage firm expects its coverage banks to report 4.0% QoQ loan growth, 2.9% deposit growth, and 5.5% NII growth, with NIM increasing by 9bps QoQ to 3.74%. The expansion of net interest margins for private banks will be higher by 11bps compared to 5bps for PSU banks.

Indian economy stands tall than its global peers; likely to score a double-digit GDP growth in Q1FY23

India's manufacturing sector activity gained momentum in July, hitting an eight-month high. The Manufacturing Purchasing Managers' Index (PMI) compiled by S&amp;P Global jumped to 56.4 in July, from 53.9 in June. 

Non-food credit growth accelerates to 12.6% in May, the fastest pace since the pandemic

As per RBI data, monthly spending on credit cards is now above ₹one lakh crore. Card spending in May touched ₹1.13 lakh crore, as against ₹1.05 lakh crore in April and ₹1.07 lakh crore in March. The latest monthly spending is almost double when compared to the last year when, in April 2021.

Interest rate cycle will weigh down on banking system's credit growth: Report

The reversal of interest rate cycles, as signalled by the Reserve Bank of India's 0.40 per cent increase in repo rates, would weigh on credit growth as borrowings become more expensive, India Ratings and Research said.

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CSB Bank soars over 8% on strong credit growth for December quarter

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