Personal Loan News - Apr 2021
- 2021-04-13 : Bank credit rise 5.56%; deposits 11.4% in FY21
RBI reported that the Bank credit which includes retail loans like home, personal, business, car, two-wheeler, education and doctor loan along with business and mudra loans grew 5.56% to Rs 109.51 lakh crore in the financial year ending March 31, 2021. Further, the deposits include fixed and recurring deposits and rose 11.4% to Rs 151.13 lakh crore. - 2021-04-13 : Jan Dhan accounts witnessed unusual surge in total balance in March
Pradhan Mantri Jan Dhan Yojana accounts winessed showing a significant increase in the month of March. There was an addition of ₹5,882 crore. The total balance of Jan Dhan accounts stood at ₹1,45,550 crore as on March 31, 2021 with 42.20 crore beneficiaries. In the beginning of the month, the total balance was only ₹1,39, 668 crore. PMJDY is a flagship financial schemes aiming financial inclusion. - 2021-04-13 : Jan Dhan accounts witnessed an unusual surge in total balance in March
Pradhan Mantri Jan Dhan Yojana accounts witnessed showing a significant increase in the month of March. There was an addition of ₹5,882 crores. The total balance of Jan Dhan accounts stood at ₹1,45,550 crore as of March 31, 2021, with 42.20 crore beneficiaries. At the beginning of the month, the total balance was only ₹1,39, 668 crores. PMJDY is a flagship financial schemes aiming at financial inclusion. - 2021-04-13 : Bandhan Bank’s collection efficiency ratio at 96% in Q4
Bandhan Bank reported an overall collection efficiency of 96% for the quarter ending March 2021. Total advances which include retail loans like home, personal, business, car, two-wheeler education and doctor loan along with business and mudra loans grew by 21% at ₹87,054 crores. Deposits which includes fixed and recurring deposits grew by 37% at ₹77,972 crores. Further, CASA deposits increased by 61 per cent at ₹33,827 crores. - 2021-04-07 : RBI announced Rs. 50,000-cr refinance to all-India financial institutions
Reserve Bank of India announced that it will provide Rs. 50,000 crore refinance to all India financial institutions. The National Bank for Agriculture and Rural Development will get Rs. 25,000 crore, National Housing Bank Rs. 10,000 crore, and Small Industries Development Bank of India Rs. 15,000 crore.
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