Banks need Rs 5.7 lakh crore more within 5 years: report

Banking Bureau
Posted: Friday, Sep 05, 2008 at 0110 hrs IST
Updated: Friday, Sep 05, 2008 at 0110 hrs IST

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HDFC Bank cuts rates for used cars Union Bank starts auditing branches Pvt banks pip public peers in NPAs Banks likely to retain home loan rates

Mumbai, Sep 4: major development that has taken place over the last decade is the diversification of credit in India towards retail. The share of retail credit comprising housing loans, credit to individuals, credit cards receivables and lending for consumer durables, in total bank credit increased from 6.4% in 1990 to 22.3% in 2007. On the whole, agriculture, large corporates and retail sector benefited from credit expansion, while credit growth to the SME sector remained tepid until recently....

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Banks need Rs 5.7 lakh crore more within 5 years: report

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