Retail to drive loan book in FY'22, but asset quality a concern
Bank credit is expected to grow by 7.5% to 8.5% in FY'22 – largely driven by retail, according to Care Ratings. Covid-19 impacted overall asset quality. But NPAs moved up even as NPAs for other sectors generally slowed. Care Ratings notes that the second wave of infections has resulted in increase in slippages and restructuring of retail loans in the second quarter of FY'22 at a webinar along with industry experts.
PSBs can attract Rs 25,000 crore through women Jan Dhan customers“Women’s financial inclusion requires a more gender-inclusive financial system that addresses the specific demand and supply side barriers women face and leverages a partnership-led approach to address existing gaps,” Amitabh Kant, CEO, NITI Aayog said.
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