Even as housing loan growth shrank to 7.7% year-on-year (y-o-y) as on January 29 from 17.5% a year ago, it remains one of the faster-growing credit segments and exceeds the rate of overall non-food credit growth in the banking system.
Credit and Finance for MSMEs: The government had earlier increased the loan disbursal limit under CGTMSE from Rs 1 crore to Rs 2 crore. The scheme’s corpus was also increased from Rs 2.5 lakh crore to Rs 7.5 lakh crore rupees.
So far, the federal government has procured the two COVID-19 vaccines approved in India - AstraZeneca's shot being developed by the Serum Institute, and local player Bharat Biotech's COVAXIN - at fixed prices and distributed them free of cost.
According to GomSpace, space-based payments have opened the door to a potential peer-to-peer DvP (data versus payment) satellite marketplace in the long term, as private companies prepare to launch their own constellations.
The advent of fintech players had somehow made banks a little bit conventional in the initial years. However, banks are now joining forces with fintech startups to upgrade their existing systems and enable smoother operations to deliver a better experience for consumers.
The gross book value (GBV) of the e-mobility sector, led by Ola, Uber, Rapido, and others, recovered from $259 million in January 2020 to $164 million in January 2021 with 83 per cent of the value coming from the top seven metros including Delhi, Mumbai, Kolkata, and others.