Some PSU banks showed significant credit growth
By Neelima Shankar
Jun 2, 2014
Print    Email    RSS   

The apex bank of the country Reserve bank of India has reported that the overall banking growth in the fiscal year 2013-14 was less than 15%, however some PSU banks have shown a significant growth which is much more than the banking sector as a whole.

Here is a list of some banks along with their credit growths. Canara bank and Bank of Baroda had shown a growth of 20%, UCO bank and Indian bank reported a growth of 16%. RBI also reported that some banks have extended the credit to existing borrowers to repay their debt, known as evergreening of loans in banking.

Last week RBI deputy governor raised his concern regarding the increasing bad loans in the banks and has asked the banks to strengthen their internal credit appraisal systems to minimise the risk of default. In 2012-13, Bank of Maharashtra reported 35 per cent credit growth when that in the overall system was about 15 per cent. RBI has asked the banks to be alert while lending.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

An Overview of Wealth Management Services...
Do you know what led banks to calibrate...
Know all about non-bank fixed deposits
Carnival of Indian Personal Finance Blogs...
ICICI Bank’s recurring deposit scheme

NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive