CareEdge Ratings estimates bank credit growth in India to be in the range of 14-14.5 per cent in financial year 2024-25. In current financial year 2023-24, credit offtake is anticipated to close with a growth of around 16 per cent excluding the HDFC merger. According to the rating agency, the effect of the HDFC merger […]
Icra-rated securitised pools have shown healthy performance, with collection efficiencies ranging from 92 to 107 per cent across all asset classes in FY2024 so far, aided by a favourable operating environment, rigorous collection efforts, and adoption of digitised processes. Housing loans (HL) and loans against property (LAP) pools have showcased steady collections in FY2024 so […]
The fintech platform PhonePe is likely to launch consumer lending on its platform by January 2024, according to a report from a leading media house. The Walmart-backed platform is expected to operate as a distributor for personal loans. The fintech is in the final stages of integration with five lenders from banks and non-banking financial […]
Reserve Bank of India(RBI) has flagged the high growth in certain components of consumer credit and has advised banks and non-banking financial companies (NBFCs) to strengthen their internal surveillance mechanisms, address the build-up of risks and institute suitable safeguards. On a review, it has been decided to increase the risk weights with respect to consumer […]
