Tighter lending norms stymie Indian banks' loan growth for 7th month

Quick Summary:

Including the merger impact, loans grew 11.4% last month, compared with 20.

The loan growth rate had slowed to 12.4% in December 2024, excluding the merger, and to 11.2% including the merger.

Credit growth in the services sector decelerated to 13.8% in January from 21%, primarily as loans to NBFCs dropped.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Loan Lending norms HDFC Bank Banks NBFCs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 17:54:29 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26511350

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Official Website: business-standard.com

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