Last Updated: February 18, 2023, 15:21 IST
RBI’s present survey covers a panel of high 30 scheduled business banks (SCBs), which account for greater than 90 per cent of the overall excellent.
The Bank Lending Survey supplies sentiments of banks on mortgage demand, mortgage phrases, and their outlook within the close to time period throughout main sectors
Bankers are “extremely optimistic” about credit demand across all the main sectors in the short term, according to the latest RBI’s survey of lenders. After sagging for the last two years, the non-food credit growth has been hovering above 15 per cent in FY23.
“We observe that bankers are highly optimistic of credit demand across all the main sectors in the coming quarters, viz., Q4:2022-23 to Q2:2023-24,” a paper based mostly on the survey launched within the February bulletin of the RBI mentioned.
The Bank Lending Survey supplies sentiments of banks on mortgage demand, mortgage phrases, and their outlook within the close to time period throughout main sectors. It captures senior mortgage officers’ expectations on future credit score demand together with changes in its phrases and circumstances and in addition seeks suggestions on prevailing credit score market circumstances.
The present survey covers a panel of high 30 scheduled business banks (SCBs), which account for greater than 90 per cent of the overall excellent, it mentioned.
The paper mentioned bankers’ sentiments on lending by way of evaluation of credit score circumstances rapidly improved after the adversarial response witnessed throughout April-June 2020 and April-June 2021 because of the first and the second waves of the Covid pandemic, respectively.
The rebound in evaluation was quicker within the case of retail/private loans, it mentioned, including that these have been the sectors for which outlook was severely hit throughout each the waves of the pandemic. The survey identified that banks’ sentiments have been additionally noticed to be in sync with the SCBs’ precise credit score progress.
“It is noticed that bankers are typically extra optimistic by way of two- and three-quarter forward expectations and the one quarter forward expectations have been in a position to seize the precise credit score progress extra carefully,” it said. Expectations on terms and conditions for loans also point to easing in successive quarters, it added.
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