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Amid second wave, pandemic-hit sectors seek a bailout package from government

Amid second wave, pandemic-hit sectors seek a bailout package from government April 29, 2021 CREDAI and the Retailers and Tour Operators’ associations have sought help from the govt   -  Shivendu Jauhari CREDAI and the Retailers and Tour Operators’ associations have sought help from the govt   -  Shivendu Jauhari× Many businesses have reached out to RBI for revamping of loan accounts Industry players in sectors including tourism, retail and real estate have approached the government seeking a bailout plan as they struggle to survive the second phase of the lockdown. Owing to the uncertainty created by the rising Covid-19 cases, several businesses and financial institutions have already approached the RBI for restructuring of loan accounts to avoid a looming threat of NPAs.

Bank credit grows 5 33%; deposits rise 10 94%

Bank credit grows 5 33%; deposits rise 10 94%
india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.

Bank credit grows 5 33%; deposits rise 10 94% - The Hindu BusinessLine

Bank credit rises 5 33% to Rs 108 89 lakh cr; deposits grow 10 94%

Bank credit rises 5.33% to Rs 108.89 lakh cr; deposits grow 10.94% In the fortnight ended April 10, 2020, bank advances stood at Rs 103.38 lakh crore and deposits were Rs 137.15 lakh crore. In 2020-21 fiscal, bank credit increased 5.56 per cent and deposits 11.4 per cent PTI | April 26, 2021 | Updated 21:56 IST The agency said bank credit growth is likely to increase in FY22, given the growth in the economy and the base effect coming into play Bank credit grew by 5.33 per cent to Rs 108.89 lakh crore, and deposits rose 10.94 per cent to Rs 152.15 lakh crore in the fortnight ended April 9, 2021. In the fortnight ended April 10, 2020, bank advances stood at Rs 103.38 lakh crore and deposits were Rs 137.15 lakh crore.

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