It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Banks' loan growth picks up on demand from retail borrowers
MUMBAI (Reuters) - Banks' loan growth improved in the first two months of the second half of the fiscal year as demand from home loan and retail borrowers picked up.
Bank loans grew 3.1 percent to 49.6 trillion rupees during October-November from 2.2 percent in the April-September period, according to the Reserve Bank of India data released on Wednesday.
"I think the remaining four months in the fiscal year will be good and will cover up for the last few months," said T.M. Bhasin, chairman and managing director at state-run Indian Bank.
However, deposit growth remained muted in October-November at 0.5 percent against growth of about 5 percent in the first half, due to festive season currency withdrawal. (Reporting by Suvashree Dey Choudhury; Editing by Jijo Jacob)
- Tweet this
- Share this
- Digg this