A new survey of 24 banks across segments points to growing optimism on credit expansion, with lenders expecting steady momentum in non-food credit. The bigger message: AI driven credit underwriting and collections are emerging as likely disruptors in banking, changing how lending decisions are made and how repayment is managed.
Banks have largely stabilized their balance sheets by moving away from industrial stress and focusing on retail lending, easing the NPA crisis. But the unintended fallout is a squeeze on credit flow to smaller businesses and firms that create jobs, raising concerns about growth and employment as credit shifts to consumers instead.
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The government has extended interest subvention benefits to micro and small iron and steel enterprises exporting 167 specified product categories. The move is designed to improve their access to credit amid global pressures and builds on an earlier export support package. Medium-sized units, however, will not qualify for this particular subsidy.
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