:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

CREDIT OFFTAKE UP 4 TIMES BUT MISSES GROWTH TARGET

According to RBI, loan disbursals during the three fortnights ended January 1 amounted to Rs.118521 crore against Rs.23065 crore in the same period last year, which is nearly four times increase.


According to Mr. J.P. Dua, Chairman and Managing Director, Allahabad Bank, many banks are seeing the demand for loans to sustain in January as well since many corporates are back in the market for working capital loans after exhausting their surplus inventories. He also said that retail loans were picking up and sanctions had been converted into disbursement in case of infrastructure sector.


According to Rupa Nitsure Rege, Chief Economist, Bank of Baroda, banks are seeing a pick-up in working capital loans. She feels that coming quarters may be good for the banks on credit growth.


Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/Credit-offtake-up-4-times-but-misses-growth-target/articleshow/5486342.cms

Posted by C.B.O.A., A.P.

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)