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Credit offtake News

06 Apr 2017

RBI says still more scope for banks to cut lending rates

The Reserve Bank on Thursday said there is more scope for the banks to cut lending rates and also asked for a downward revision in the small savings rates administered by the government.

29 May 2015

Mundra warns against herd mentality in banking

At a time when credit offtake has hit a multi-year low last fiscal, Reserve Bank deputy governor S S Mundra on Friday cautioned banks against irrational lending, saying they should not have 'follow thy neighbour' policy.

Finance Minister

21 Nov 2014

Govt to soon take decision on rationalising LPG subsidy: Arun Jaitley

Finance Minister Arun Jaitley on Friday said that credit offtake is not taking place as expected adding that it is a cause of worry.

16 Sep 2014

SBI revises deposit rates by 0.25% in two buckets

Country's largest lender State Bank of India on Tuesday cut its interest rate offering for medium-term deposits by 0.25 percent to 8.75 percent, citing slower-than -expected pick up in advances.

02 Sep 2014

SBI eyes 15% growth in credit offtake

Country's largest bank SBI Tuesday said it expects 14 to 15 percent growth in credit off-take during the current financial year even as economic indicators are improving, said a top official of the bank.

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