23 April, 2014 17:40 IST
News

Source: rss (23-Apr-14)
Comments  |  Post Comment

Aggregate non-food credit growth was 15.5% y-y with primary contributions from industry (15.2% y-y), agri (22.9% y-y) and retail (14.1% y-y) as of October 2012.  Aggregate non-food credit growth was 15.9% y-y in September 2012.

Retail & vehicle loans and loans to the transport segment are tracking strongly. Bank funding to NBFCs has declined since June 2012 given the drop in market funding costs for NBFCs vis-a-vis bank loans, according to Nomura Financial Advisory and Securities.

The SME loan growth is anaemic and this could pressure banks to search for alternative avenues within the priority sector umbrella. This might be a positive development in terms of more demand for its securitized paper and hence lower funding costs for auto finance companies like Shriram Transport Finance, Nomura opined.

Nomura expects loan growth for FY13 is most likely to range around 14%. It sees aggregate non-food credit growth of 14%; industry growth of 14%; agri growth of 19%; SME growth of 7.7%; and retail loan growth of 13% for FY13.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.


News
Sabero Organics Gujarat standalone quarterly net declines 27.22% - 23-Apr-2014 17:32
Shree Digvijay Cement Company standalone quarterly profit zooms 2.31 times - 23-Apr-2014 17:24
Cairn India consolidated Q4 profit climbs 18.4% - 23-Apr-2014 17:13
Infosys in strategic alliance with Orange - 23-Apr-2014 16:44
B S L standalone quarterly net surges 60.00% - 23-Apr-2014 16:11
Mastek standalone quarterly earnings plunges 77.61% - 23-Apr-2014 16:09
Mahindra's agri division enters into JV with HZPC, Holland - 23-Apr-2014 15:52
JM Financial denies any talks on merger with HDFC Bank - 23-Apr-2014 15:43
HDFC Bank clarifies on news report - 23-Apr-2014 15:36
Indiabulls Real Estate standalone quarterly earnings fall 19.78% - 23-Apr-2014 15:35
S I Capital & Financial Services swings to loss in Jan-Mar quarter - 23-Apr-2014 15:32
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   td86xr into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer