Embarrassment in getting loan from NBFC for investment, expansion

-

Consumers rush to get personal and purchase loans


AHMEDABAD: The September quarter saw an increase in loans from non-banking finance companies in the country, but most of the loans were for consumer consumption or consumer loans. According to data from the Finance Industries Development Council, growth in loans is still modest as business or industry activity picks up.

In the quarter ended September 2021, NBFCs in the country accounted for a total of Rs. 5,12,9 crore, an increase of 7.5 per cent over June. However, the second quarter was affected by the devastating second wave of Covid, while the year 2020 also had its effect, so compared to the normal year of the second quarter of 2017, the total lending is reduced. Total lending to NBFCs stood at Rs 4,8,606 crore in September 2016, a decline of 11.5 per cent this year.

In Gujarat, as in the rest of the country, lending has increased by 20.5 per cent to Rs 12,500 crore in September 2021 against the second June 2021. However, there is a decrease of 12.5 per cent against the lending of Rs.

The council said lending growth in vehicles, commercial vehicles, home loans, etc. was sharp in the September quarter. Similarly, there has been an increase in lending against gold and personal loans, but a decline in lending, which is considered a measure of investment. It shows that entrepreneurs are still reluctant to make new investments in the country.

Long-term (more than three-year) business loans have declined by 3% over 2020 and for one- to three-year business loans by 21%. Equipment loans for construction, medical and other industries have declined by 15 per cent. In addition, debentures are seeing a decline in every activity such as filling or other instruments, leasing etc.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more