09
AprLoan growth for the industry has declined to 12% in 1QFY20 compared to 15% last quarter due to deceleration in retail demand, slowdown in auto loans and two-wheelers has led to slightly moderated growth trends 1QFY20. Loan growth for the private sector under coverage was strong at 17% y-o-y, higher than industry average but lower than that […]
09
AprWith the economy slowing down, and sectors like auto and auto ancillaries, small and medium enterprises, and so on witnessing job losses and distress, retail loan growth is slowing down, according to Reserve Bank of India data. SBI Mutual Fund chief investment officer Navneet Muhnot, too, pointed out recently that households have been saving less and borrowing[…]
