Topic
loans
Finance India Public Sector Banks' Bad Debt at Lowest Levels in Decades, Government Says
Union Minister of State for Finance Pankaj Chaudhary informed Rajya Sabha that public sector banks' bad debt has fallen to the lowest levels in several decades. Gross NPAs declined from 7.3% to 1.9% in five years, while cumulative profits reached nearly Rs 2 lakh crore in FY2025-26, nearly three times the FY2021-22 level. The government also highlighted the continued credit growth and the role of the Emergency Credit Line Guarantee Scheme (ECLGS) in supporting businesses.
Finance NBFC Loan Growth Hits 14.2% to Rs 58.6 Lakh Crore, Trailing Bank Lending Pace
NBFC loan growth accelerated to 14.2% year-on-year in May 2026, reaching Rs 58.6 lakh crore, but still trailed banks' 17.7% pace. Retail loans accounted for nearly all of the Rs 84,544 crore incremental credit added between March and May, while industrial lending contracted.
Finance Just 14% of MSMEs Get Formal Loans Despite India's Digital Finance Boom: Deloitte Report
Deloitte's State of Financial Services in India report reveals that only 14% of MSMEs have access to formal credit, leaving a credit gap of at least Rs 25 lakh crore. Despite India's advanced digital payments ecosystem, inclusion gaps persist with low formal credit penetration and insurance coverage.
Finance India Seeks $2.5 Billion in Loans from World Bank and ADB as Subsidy Costs Rise
India is negotiating loans worth $2.5 billion from the World Bank and Asian Development Bank (ADB) to support urban infrastructure and job creation. The move comes as increased spending on fuel and fertiliser subsidies, driven by the Iran conflict and higher oil prices, has widened the budget gap. India imports over 80% of its crude oil, limiting fiscal space for large-scale projects.
Finance Telangana Tenant Farmers Demand Loan Eligibility Cards
Tenant farmers in Telangana are urging the government to issue Loan Eligibility Cards to facilitate access to institutional credit and government schemes. The Tenant Farmers’ Recognition Struggle Committee highlights the challenges faced by tenant farmers, including high lease rates and lack of credit access.