Abhijit Lele

1 week ago | rediff.com | Abhijit Lele

Securitisation – sale of loans to investors – by lenders, including banks and non-banking financial companies (NBFCs), crossed Rs 50,000 crore during the fourth quarter ended March 2025 (Q4F25). This is a tad higher than Rs 48,000 crore during the same period of FY24. However, sequentially, securitisation volumes declined substantially from about Rs 69,000 crore each in the second and third quarters of FY25, according to rating agency ICRA.

2 weeks ago | rediff.com | Abhijit Lele

The pace of loan growth among public sector banks (PSBs) has seen a surge in the financial year 2024-25, and this is an exception to the overall moderation in bank credit during FY25. PSU banks’ share in incremental credit rose to 57.3 per cent in March from 51.7 per cent a year ago, according to the Reserve Bank of India’s (RBI’s) Monetary Policy Report (April 2025). In contrast, the share of private lenders declined to 39.1 per cent in March from 46.6 per cent in March 2024.

1 month ago | rediff.com | Abhijit Lele

The gap between credit and deposit growth in the banking system is expected to decline sharply to 80 basis points (bps) in the next financial year from an average of 386 bps over the FY22-Q3FY25 period, according to rating agency India Ratings. This would be against the backdrop of sharp moderation in the incremental loan deposit ratio (LDR) of the Indian banking system to 85 per cent in February 2025 from 117-118 per cent in the same month of 2024.

1 month ago | rediff.com | Abhijit Lele

The gold loan portfolio of banks continued to show strong off-take with 76 per cent year-on-year (Y-o-Y) growth in January 2025 amid moderation in retail credit — especially in the unsecured credit segment — following increase in risk weights in November 2023. The gold loan pool had grown 17.4 per cent Y-o-Y in January 2024. The Reserve Bank of India (RBI) data showed that “loans against gold jewellery” under the retail segment stood at Rs 1.78 trillion in the fortnight ended January 24, 2024.

1 month ago | rediff.com | Abhijit Lele |Aathira Varier |Anjali Kumari

'I don't know when I will be able to access those funds.'IMAGE: Account holders at the New India Co-operative Bank's Versova branch, north west Mumbai. The Reserve Bank of India's decision to impose restrictions on the Mumbai-based New India Co-operative Bank following an alleged Rs 122 crore fraud came as a rude shock to thousands of depositors, many of whom had deposited large sums just days ago.