Sanket
October 29, 2017, 12:52pm
7
Expectations of competition from the banks. Credit growth has been at an all-time low and with this move, credit growth led by banks is expected to bounce back. Check these two posts
I was reading this India Ratings report which painted a grim picture about the capex recovery. The highlight being that capital expenditure recovery is possible only beyond 2020.
Bank lending for capex has declined sharply.
[Bank lending for capex]
New project funding has remains subdued.
[Funding of new projects]
Highlights from the report
Capex to remain weak due to weak domestic consumption demand, global overcapacity and negative impact of the goods and services tax (GST) on working…
Banks are losing share and it is gain for NBFCs.
public sector banks mostly managed by politicians are crumbling after RBI’s crackdown on NPA mess.
Even borrowers are not interested to go to banks these days.
My own case study. I tried to get loan from SBI three times. failed. Every time they reject my application I learned some thing about financials. finally I approached NBFC and got loan within one week. This is despite having CIBIL score above 900. imagine if CIBIL score is below 800…
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