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HDFC Bank : India's credit growth may dip further after touching record low

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MUMBAI (Reuters) - Indian bank credit growth hit a record low in fiscal 2020-21 and is expected to languish near those levels this year as a massive surge of COVID-19 infections risks denting India s economic recovery and forces lenders to turn cautious again.
Credit growth touched a record low of 5.6% in financial year 2021, recently released Reserve Bank of India (RBI) data showed, and it slipped even further in April.
We were estimating credit growth of 8-9% for this financial year, but due to the rise in COVID-19 cases, a higher mortality rate and lockdowns in several parts of the country, downward risks have arisen, said Karthik Srinivasan, analyst at ICRA. ....

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Top India Bank Drags Its Feet on Billionaire Adani Coal Loan

Top India Bank Drags Its Feet on Billionaire Adani Coal Loan
Bloomberg
4 hrs ago
Suvashree Ghosh, Alastair Marsh and P R Sanjai
(Bloomberg) India’s largest bank hasn’t decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc.
Two senior State Bank of India executives, who asked not to be identified, said the bank was dragging its feet on extending part of a funding line of as much as $1 billion to Adani Enterprises Ltd., which plans to use the money for the controversial Carmichael mine. The bank’s executive committee, which will make the final decision, hasn’t had discussions about the loan this year, the officials said. ....

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SBI Drags Feet On Controversial Adani Coal Mine Loan

Apr 09 2021, 7:59 PM
April 09 2021, 2:30 AM
April 09 2021, 7:59 PM
(Bloomberg) Indiaâs largest bank hasnât decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc.
(Bloomberg) Indiaâs largest bank hasnât decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc.
Two senior State Bank of India executives, who asked not to be identified, said the bank was dragging its feet on extending part of a funding line of as much as $1 billion to Adani Enterprises Ltd., which plans to use the money for the controversial Carmichael mine. The bankâs executive committee, which will make the final decision, hasnât had discussions about the loan this year, the officials said. ....

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Top India Bank Drags Its Feet on Billionaire Adani Coal Loan

Top India Bank Drags Its Feet on Billionaire Adani Coal Loan
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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India's Biggest Bank Drags Feet on Controversial Coal Mine Loan

Top India Bank Drags Its Feet on Billionaire Adani Coal Loan
Bloomberg
2 days ago
Suvashree Ghosh, Alastair Marsh and P R Sanjai
(Bloomberg) India’s largest bank hasn’t decided whether to help finance an Australian coal mine following mounting pressure from climate activists and investors, including BlackRock Inc.
Two senior State Bank of India executives, who asked not to be identified, said the bank was dragging its feet on extending part of a funding line of as much as $1 billion to Adani Enterprises Ltd., which plans to use the money for the controversial Carmichael mine. The bank’s executive committee, which will make the final decision, hasn’t had discussions about the loan this year, the officials said. ....

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