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MUMBAI: Bank lending to non-banking finance companies slowed sharply in April, with outstanding loans to the sector falling by Rs 25,512 crore to Rs 16.1 lakh crore. At the end of March 2025, bank credit to NBFCs stood at Rs 16.4 lakh crore, marking a modest growth of 5.7% in FY25.This was significantly lower than the overall bank credit growth of 11% during the year, to Rs 182 lakh crore, indicating a cooling in lending appetite toward shadow banks.The slowdown in credit to NBFCs was part of a broader trend. Lending to large industries also moderated in April. The share of loans to large corporates declined to 15% of total bank credit, down from 16% at the end of March 2024. In comparison, housing loans now account for a larger share at 16.6%, underlining the shift in bank lending preferences toward the retail segment. Overall, the industry’s share in total bank credit fell to 21.4% from 22% a year ago.Bank loans to individuals against gold jewellery continued to grow adding Rs 3,427 crore during April 2025 taking the total outstanding to Rs 2.2 lakh crore. In FY24, bank loans against jewellery had risen 103% to Rs 2.08 lakh crore a large part of which was due to reclassification of gold-backed agri loans.Data from 41 major scheduled commercial banks, which account for about 95% of all non-food credit, showed that year-on-year bank credit growth stood at 12% in the fortnight ended March 21, 2025. This was lower than the 16.3% growth recorded in the same period last year, reflecting a broad deceleration in credit expansion.Credit to agriculture and allied activities grew by 10.4% in March 2025, compared to 20% in the corresponding period last year. Lending to industry rose by 8%, the same as the previous year. While sectors such as petroleum, metal products, engineering, and construction saw higher credit offtake, lending to infrastructure slowed. The services sector also saw a deceleration, with credit rising by 13.4%, down from 20.8% a year earlier. This was mainly due to a sharp slowdown in bank loans to NBFCs, although credit to professional services and trade remained robust.In the personal loan segment, growth eased to 14% from 17.6% in the previous year. The deceleration was mainly due to lower growth in vehicle loans, credit card outstandings and other personal loans, indicating a cooling in consumer demand for credit.
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Modi’s Asia Double Play: Japan Now, China Next — What India Wants (and Risks)
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Ayodhya land prices: Circle rates revised first time in 8 years; soar up to 200%
[ad_1] For the first time in eight years, Ayodhya has seen a sharp revision in its circle rates, with property prices rising between 30% and 200% across various parts of the district, officials told PTI.The prices are particularly steep within a 10-kilometre radius of the Ram Janmabhoomi Temple, an area witnessing a real estate boom fuelled by religious tourism and rapid infrastructure growth. Here, circle rates have jumped over 150%, pushing land values in the prime zone to Rs 26,600–27,900 per square metre, compared to Rs 6,650–6,975 earlier.Shanti Bhushan Chaubey, sub-registrar of Sadar (Faizabad) tehsil, said the hike followed a proposal submitted last September. “After addressing objections, the new circle rates were approved by District Magistrate Tikaram Funde and have now been enforced,” he said.According to Chaubey, the sharpest hikes were recorded in areas with the most land activity. “Localities […]
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