From The Economic Times · Atmadip Ray · · 50s
Bank Loans Demand Rises as Yields Harden
Bank loan demand grows as bond yields rise, boosting credit growth in India.
In brief
Bank loan demand grows as bond yields rise, boosting credit growth in India. Indian banks report rising corporate loan demand amid higher bond yields, with Canara Bank targeting 19% credit growth and Indian Bank at 14-15%. Originally reported by The Economic Times.
Corporate Loan Pipeline
Canara Bank and Indian Bank have ₹1.10 lakh crore of corporate loan pipeline between them.
Yield Hardening Impact
India's bond yield hardened 44 basis points, prompting companies to seek bank funding instead of market-linked resources.
Credit Growth Targets
Canara Bank aims for 19% credit growth while Indian Bank targets 14-15% growth rate.
Bank Strategies
Canara Bank focuses on improving deposit growth to narrow credit-deposit gap, Indian Bank emphasizes profit-driven growth.
At a glance
Indian banks report rising corporate loan demand amid higher bond yields, with Canara Bank targeting 19% credit growth and Indian Bank at 14-15%.
